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Support Builds for Tax Credit to Help Hiring

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BEEN THERE, DONE THAT, BUT WHY LET THAT STOP US
"The idea of a tax credit for companies that create new jobs, something the federal government has not tried since the 1970s, is gaining support among economists and Washington officials grappling with the highest unemployment in a generation," the New york Times says. "The federal government last tried this measure in 1977-78. During that period, employment — which had been soft from the 1973-75 recession — climbed at a record pace. The creation of one out of three jobs that was awarded the credit then was attributed directly to the policy. But the permanence of those jobs was less clear, and some dispute how many of those positions would have been created eventually anyway."
SOURCE:   New York Times

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