Posted on 02/24/2010 8:29:58 AM PST by Stars&StripesNE
The jobs legislation would also extend highway and mass transit programs through the end of the year and pump $20 billion into them in time for the construction season. Economists say the tax breaks could create perhaps 250,000 jobs.
(Excerpt) Read more at foxnews.com ...
.....So that tax cut will pay for the salary, and other costs of employing someone?......
The whole concept is a sham.
Small businesses not making a profit can not hire when their current tax bill is ). Larger firms scraping by still aren’t going to take a tax credit if it raises the overall expense.
Bottom line, the cost is zero if there are none to take the credit.
Why would an employer absorb the expenses of an employee for a measly “tax break”?
So now they get a tax break by laying off someone and hiring a replacement?
Republicans are fools, Gregg should be using this as an opportunity to educate people why it is impossible for this to work and why it is a waste of money. The whole idea the Government can create jobs has to be front and center and debunked..
To the economically uneducated it just simply appears that R's are against jobs.
Too stupid to know how stupid they are. It’s the arrogance of the way it used to be.
They are used to operating in a world where nobody pays attention to what the bills actually say, but to what the headline says. That needs to change.
You have that wrong.
They did not offer tax cuts. They only offered tax CREDITS which have countless stipulations to get them. While on the other hand, they previously raised unemployment premiums (taxes) which cancels out any gain if a business qualifies for the tax credits in the first place.
That, and most of the money will go to Construction Unions under Davis Bacon rules who all got big fat raises and benefit packages recently.
Will it create 250,000 jobs? It will merely extend the Union seniority list into another year of milking a fat wage off the public.
whoop tee doo. Won’t help. Businesses need customers with some money left to spend.
Pi$$ing away our money to hire temps to move the numbers up for a couple of months... few businesses will do this... darn few.
LLS
Some small businessman will get a $3000 tax break for hiring a $50,000/yr employee he doesn’t need!! And Hussein will claim that greedy businesses refused to take advantage of his munificence!!!
These stooges are operating in the old media parrot controlled universe where no one read the bills.
It’s up to the citizens to be the watchdogs in the modern age.
Democrat Ben Nelson voted against it. He always votes “conservative” when he knows his vote doesn’t affect the final outcome.
That's true. Unfortunately that's a sizable number of people, and many of them vote. It's tough to save a country that is drowning in debt when half of its inhabitants are so stupid that they'll ignore the flotation device and reach for the anvil.
I see you posted your favorite list of RINO’s.
That snarky comment at the end speaks for itself, Troll.
With this bill hanging out there no one will be hiring until it passes or is killed. In the end this does the exact opposite of what is intended, instead of encouraging companies to hire; it actually discourages it while it is in the works.
By Eric Cantor
Turn back the clock to January 2009. The administration requested Republican ideas to help spur job creation, and I personally handed the president a plan developed by the House Economic Solutions Group. One of its many features would have boosted incentives for hiring and investment through direct tax relief to cash-strapped small businesses and families. Using the Obama administration's own formulas, it would have created twice the jobs at half the cost of the Democrats' bill.
But President Obama responded coolly to our ideas when we presented them. "I won," he insisted. He forged ahead on legislation crafted in the shadowy back channels of the Capitol by Speaker Nancy Pelosi, who used the opportunity to load the bill with pork, increasing funding for her party's government programs of choice. As a result, the $800 billion stimulus failed to garner the bipartisan support that such a massive taxpayer-funded undertaking deserves.
Over 3 million lost jobs later, Americans can only lament the squandered opportunity. Instead of private sector growth, government has expanded rapidly, spending has skyrocketed, but real job growth remains as elusive as bipartisanship. . . .
Just last week, Republican Leader John Boehner and I wrote to Speaker Pelosi requesting an open forum on job growth. Once again, there has been no response.
Brown ran as an independent thinker. He said from day one, he would vote his conscience.
But I digress. We all know how much better Marsha Croakley would have been.
Sarc off.
Yep, the analysis of the votes needs more scrutiny by the public. Depending on the lame stream media is our biggest flaw. It has now come back to bite us, all those years where no one wanted to read the bills.
Freepers need to beef up their detailed analysis content, not just the snark.
They HAVE to move the numbers up temporarily. They have an election coming up un November you know......
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