Sign In | Create an Account | Welcome, . My Account | Logout | Subscribe | Submit News | Trail Report | Today in Print | Frontpage | Services | Home RSS

Jobs campaign flawed

February 9, 2010
The Daily Mining Gazette

President Barack Obama may not be willing to recognize the demand for real change that is swelling among American voters, but some members of Congress are.

No longer are they willing to go along with White House initiatives merely because Obama says they should.

An example is the president's new $30 billion "jobs" campaign. Part of it would provide businesses with $5,000 tax credits for every job they create.

It is illuminating that Obama and many in Congress - both liberals and conservatives - were willing not so long ago to provide nearly $800 billion to a make-work program operating through government.

When it comes to providing direct help to small businesses, however, just $30 billion seems to them to be adequate. When will they learn that the private sector, not government, is the engine that motivates the economy?

But as some Democratic members of the House of Representatives pointed out this week, the $5,000 tax credit program has many flaws. Among them, as U.S. Rep. Mike Thompson, D-Calif., pointed out, is that businesses will not hire new workers unless they have something for them to do.

Another major flaw is that the $5,000 tax credits are a one-time "stimulus."

What the private sector needs is permanent tax relief and the assurance that expensive new government mandates will not be forced on it.

Lawmakers who object to Obama's plan recognize that and are right to oppose the president.



I am looking for:
News, Blogs & Events Web