An Idea On Taxing The "Job Creators" That Might Help Hiring

[stopbush]

Pass a windfall profits tax that assesses a 3% tax on any increase in profits of over 10% in the past year. If a company is hording cash, assesses another 1% tax on their hoarding.

Offset this by giving tax credits in the same amount to any company that can prove that it has hired employees over this time (exact details to be worked out).

Begin to lower the tax percentage when the unemployment numbers turn around, ie: drop it 1% for every 2% points unemployment drops (ie: if the 9.2% unemployment rate drops to 7.25, lower the windfall tax from 3% to 2%).

This plan has the virtue of saying to the "job creators," "you're flush with cash. Either create jobs, or the government will take your cash and create the jobs." It also gives an out to those who are hiring people right now. And, it has just enough complexity to it that DC might go for it.

[HockeyMom]

1. Put a tax on every "job creator" that creates

these jobs in India, China, Mexico, etc. You want CHEAP LABOR? Well, they you will pay for it.

[liberal_mama]

4. I like that idea

Triple corporate tax on any United States corporation that outsources labor to save money. Give good tax rates to corporations who actually create good living wage jobs with benefits in America.

[truedelphi]

2. The thing is, there are already plenty of pieces of legislation that

help force someone's hand in terms of hiring.

But the bigger firms still won't do it.

Perhaps in part because those big firms are not paying any taxes anyway? (Despite all the talk on the TV Money Programs that the Corporate World is taxed to death.)

[safeinOhio]

3. BINGO!

We have a winner.

:toast: