Jobs Act Might be Worse than Nothing

Does anyone really believe that temporary savings on certain employers’ payroll taxes would be enough to compensate for all of this? Wouldn’t a clear delineation of future policies on taxation, employer-sponsored health care, and credit availability do more to incentivize hiring at this stage of the business cycle than more one-off, hand-outs? It is remarkable this far into the “recovery” that the Obama Administration is still trying to fine-tune economic outcomes with one-off policies, like cash-for-clunkers, the home-buyer tax credit, and now a hiring credit.

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