Yet another stupid idea, the tax credit for employers who hire workers, has come back.
The notion that a few thousand dollars will make the difference between hiring and not hiring is extremely dubious. It rewards firms that may hire anyway, is open to easy gaming, and doesn’t address the long-term issue of unemployment.
Tax breaks generally produce far less bang for the buck than direct stimulus. More aid to the states, more benefits for the unemployed, and more infrastructure jobs to put people to work are a far better use of taxpayers’ money.
Gorilla says: “When a clown like Eric Cantor thinks it’s a good idea, you know it isn’t!”
