Wednesday, February 03, 2010

Remember that $5K "Credit" for Hiring? Well....

Obama the Clueless proposed a $5K tax credit for small businesses which hired a worker.

While the premise (that a tax credit will encourage hires) is flawed, the results may be positive.

But it might not actually be $5K after the Obamamamama budget goes into effect.

The Administration is also planning on making a supposedly temporary 33 percent increase in the Federal Unemployment Tax permanent, making it costlier to hire new workers

Yes, FUT is small. But ya know, if the objective is to inspire hires..........

HT: Kevin

No comments: