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.