Stuff That Sounds Good Unless
or until you actually think it through. Which Congress rarely does. Like a tax credit for hiring people.
“Owners cannot pay workers more than the value they add to the firm. This is why a jobs tax credit will do little to increase employment. No one can pay $40,000 for a worker to get a $5,000 tax credit unless that worker can add at least $35,000 in revenue to cover the cost of hiring. And as long as the tax credit issue is alive in Congress and not passed, employers that were ready to hire (13 percent plan to hire) will wait until they can qualify for the credit, delaying much needed gains in employment.”
For the thousandth time: Don’t look to your government officials to help; they’ll only screw it up worse.
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