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A simple proposal. Tom Send a noteboard - 08/03/2010 10:26:32 PM
The Obama Administration has underperformed even my low expectations for them in the area of job creation. They have added more Federal government workers (a net drain on the economy) and at the same time the US has lost over 4 million jobs since that man took office.

There is a simple solution to the job problems in the country. The Federal government can declare that any manufacturing facility that is built (or started in the carcass of a defunct factory) in the US employing 75 or 100 people or more (the exact number is not important) at an hourly wage of $20 per hour or more would be EXEMPT FROM ALL CORPORATE TAXES for the first 5-7 years of profit (that is, all profit derived from that facility). The Treasury would not lose money because none of these facilities exists now so ipso facto the government is not making money from them at present. The Treasury would GAIN money in the form of personal income taxes from 100 people who are employed. It would GAIN payroll taxes. Furthermore, 100 families in a community need to spend their money on groceries, restaurants, home repair, haircuts, HOUSES, and everything else, which means other businesses thrive and people in the service industry would get jobs.

Business leaders have said time and again that America is "almost competitive enough" to locate new manufacturing facilities and asked for incentives to start new plants, so the incentive would force them to put their money where their mouth is. Most importantly, America would be MAKING THINGS. These are things we can export for profit to address our trade deficit.

The government could even make the tax breaks renewable if the facility keeps adding 25 new net jobs every 2 years or so. The break in taxes pays for the workers, the workers pay personal taxes and the government revenue is offset by more taxes from the workers.

Is there some reason why no one suggests these sorts of things?
Political correctness is the pettiest form of casuistry.

ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius

Ummaka qinnassa nīk!

*MySmiley*
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A simple proposal. - 08/03/2010 10:26:32 PM 415 Views
Wouldn't that pretty much screw over what existing business there are? - 08/03/2010 10:47:20 PM 186 Views
Not really. - 08/03/2010 10:58:13 PM 190 Views
Wouldn't all the current manufacturing businesses just spin-off mini-factories? - 08/03/2010 10:54:32 PM 161 Views
No, it would have to be new NET jobs. - 08/03/2010 10:59:24 PM 169 Views
uhm, not that you don't have a reasonable idea - 08/03/2010 10:59:32 PM 192 Views
It's Obama's fault because he can't grasp how jobs are created. - 09/03/2010 12:46:02 AM 167 Views
but does not Congress write/pass legislation? - 09/03/2010 01:33:25 AM 158 Views
Let's not be naive. The President has the power to introduce and direct legislation. - 09/03/2010 03:00:05 AM 151 Views
that's fair enough - 09/03/2010 03:12:18 AM 156 Views
A good President gets rid of gridlock - 09/03/2010 03:38:52 AM 147 Views
More government hoop-jumping is not a long-term solution to anything. - 08/03/2010 11:31:11 PM 185 Views
Ultimately, no corporate tax would be a good thing. - 09/03/2010 12:47:34 AM 181 Views
That would have been my suggestion. - 09/03/2010 01:06:41 AM 165 Views
or we could just throw out most taxes all together - 09/03/2010 01:36:02 AM 159 Views
And that is what most economists prefer - 09/03/2010 04:48:53 PM 156 Views

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