6:22 am February 11, 2010, by Henry Unger
There’s only one problem with the jobs bill now circulating in Washington — it won’t create many jobs, Associated Press is reporting.
Even the Obama administration acknowledges the legislation’s centerpiece — a tax cut for businesses that hire unemployed workers — would work only on the margins, AP writes.
Tax experts and business leaders said companies are unlikely to hire workers just to receive a tax break. Before businesses start hiring, they need increased demand for their products, more work for their employees and more revenue to pay those workers.
That’s exactly right. So what else should be done? How can we get things moving more quickly? Or does the ballooning deficit prevent bold action?
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