Why Not Give Tax Credits For Actually Creating Jobs Rather Than Lowering Tax Rates Upfront?

[stopbush]

We hear that the "job creators" need lower tax rate so they'll create jobs.

Well, I didn't see Willard creating any jobs with the loot he made from HIS low tax rates.

Instead of taxing capital gains at a lower rate than earned income, why not tax it as regular income but offer tax credits for each job actually created by a business? That may not offer an incentive to create jobs, but it would at least call the bluff of people who advocate low tax rates for the rich who then don't use the extra money to create jobs.

[gopiscrap]

1. I agree

I also think any income from any source above 365K a year should be taxed at 49% and any income over a million should be taxed at 74%

[blm]

2. I remember that as a key part of Kerry's plan via his economic policy message in 2003/2004.

Another point the corpmedia had no interest in discussing.

[Gman]

3. Gee, what a novel idea! Clinton did this

which led to a booming economy.

[wandy]

4. Romney was not in the buisness of creating jobs. He was their to maximise profets....

This means you do more with less. Cut out the 'fat'. Use cheaper materials. Lower (redefine) product quality. Out source manafacturing. Or put bluntly...........
Look like the guy that fired you.

[toddwv]

5. You mean the way we used to when jobs were actually being created?

That would be socialism or something like that...

[customerserviceguy]

6. The targeted jobs tax credit

was the one part of Reaganomics I agreed with. Too bad that it got swept into the trash bin of history.