Compliance January 2, 2004

Kerry Calls for Pension Pool

January 2, 2004 (PLANSPONSOR.com) - Massachusetts Senator John Kerry, a Democratic presidential contender, wants to help small companies set up pension programs.
Reported by

>Kerry on Friday called for the creation of a pension-pooling fund, which he said could help spread the pension cost among a number of employers. Kerry said small business plan costs could run as high as $20,000, according to an Associated Press report.

>Kerry said he would also  make it easier and more affordable for businesses to invest in technology and supported tax law changes to allow small businesses to immediately write off technology investments, rather than having to space out the tax breaks over several years.

Also, small firms have to fight their way through too much tax paperwork, Kerry said, especially those that do business in multiple states. He wants to allow state and federal employment tax returns to be filed on a single form.

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