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I asked a couple of small business owners I know if they no longer had to contribute to SS and Medicare for employees, would they give that amount to their employees as compensation. They both thought for a few moments and then said No--although one did look a bit sheepish about it.

My feelings on this is that over time, the employment market would determine whether they would pass the amount on to employees. If bigger players pass it on then they would have to up pay to compete for talent. I do agree with your findings that many would not initially pass it on, especially if it occurred during a time of high unemployment.
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