Quote:
Originally Posted by lane912
then what would give manufacturing and large industry a reason to reopen or build new plants and hire americans? this has to be key to any recovery-
open to listening to your ideas
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A direct incentive on the part of the government to hire would help. If we (employers) were allowed to claim 125% or 150% of our employee costs as a business expense on our taxes it would be a huge incentive to hire. We saw what happened with the "cut taxes and hope" plan of the last decade. We cut taxes to spur industrial activity and industry took the savings and shipped their factories to Mexico and Asia.
If the goal is to help industry wherever it may be, cutting taxes is sufficient. If the goal is putting Americans to work, we need a direct incentive to do just that.
I know in my situation they could cut my taxes to 0 and I wouldn't hire any new people because too many of my customers don't have money to spend. I'm not going to gear up to build product than no one can buy. But if I got a better incentive to hire I would hire someone to wash windows and do maintenance work that has been here waiting for better times. That's just my situation. I don't know how many others are in the same boat.