While one politician in New Jersey may be getting the message, politicians in Washington remain clueless about the fiscal mess they face. Or what they need do to increase the number of jobs in this great country. A bipartisan groups of Senators has proposed a jobs bill that shows little understanding of the private sector. (If that’s what bipartisanship is, I don’t want any.)
The Baucus-Grassley extends payroll tax exemptions to employers hiring someone who has been unemployed for more than 60 days while granting at $1,000 tax credit for new hires who stay on the job for 52 weeks.
Based on his experience in the private sector, Hugh Hewitt believes there “is no way these ‘incentives’ will create many real jobs, though they will lower the cost of workers who would be hired anyway by expanding businesses.” The talk show host/blogger has a better idea:
If the Congress would simply order water deliveries in California’s Central Valley or rewrite the absurd Consumer Protection Safety Improvement Act of 2008 or any of a dozen other common sense measures to increase economic activity, the jobs outlook would be much better off than with this election year posturing.
Simply put, we need eliminate regulations that make it difficult for entrepreneurs to do business. Methinks though that the White House doesn’t much care for elimination of anything which might reduce the power of the federal government. No wonder “small businesses are less than impressed with the administration’s latest plans to create more jobs.”
Senate Majority Leader Harry Reid may well be trying to scrap Baucus-Grassley, but I doubt he’ll replace it with regulatory relief.Effe