Saturday, February 13, 2010

Tax Credit for New Employees

The Obama Administration is pushing a failed policy (failed during the Carter Administration) to grant small businesses tax credits for hiring new workers. Message to the President--business will expand and hire when it has customers to sell to. They will have more customers to sell to if the customers believed that the economy was growing. The economy would grow if people had more money in their pockets--to buy things. Then businesses would make things--and hire people.

The Administration is counting this as a "pro-business" tax cut. Nonsense. Cut the corporate income tax rate if you'd really like to do something pro-business and pro-growth.

A good overview of the situation here.

1 comments:

"The Hammer" said...

You assume facts not in evidence CW. They don't want to necessarily create jobs or grow the economy or any of the things they talk about. They want to appear interested in these things but they aren't, not really. First and foremost for them is paying off the special interests that got them elected. Then they want to change the system to the European model, permanently and forever, so as to negate elections. Conservatives will be forced to run on a platform of "we can run the socialist state better and more efficiently that the socialists", not their forte. So no matter who wins socialist policies will be advanced. That is exactly the situation in Europe and that's why they have no conservatives there to speak of. And that is exactly what the American left wants to accomplish in the US.