Papageorgio
The Ultimate Winner
- May 18, 2010
- 61,525
- 18,696
My issue is when the tax incentives leave, so will the job. It happens a lot in corporate America. There are programs that currently allow a business to hire those fresh out prison and it allows for some nice tax breaks and some programs will even pay part of the employees wages, then when the six month incentive disappears, the person is laid off or fired.
So short term it works, long term it won't.
No the incentives do not disappear. Every time the worker qualifies for a pay raise, the employer gives them the cost adjustment and keeps the same incentive year for year.
It depends what the incentives are, I am for stream lining the tax code not complicating it.
I've repeated them a few times on this thread:
1) I'd allow employers to hire whomever they want. They can hire foreigners without papers, an all white staff, an all black one, pay whatever they want
2) I would leave the current tax rate in place (which is about 39 percent IIRC)
3) I would then create these incentives for employers who want to reduce their taxes
A) Substantial tax break for an employer to hire an all American staff
B) Additional tax breaks to take people off unemployment, welfare, disability, etc.
C) Another tax break for employers that start employees at a wage above 15 percent higher than the poverty level with yearly increases above inflation
D) Tax incentives for employers to hire in accordance with the government's guidelines on non-discriminatory hiring (providing the employer qualifies under article A of this list.)
Employers could then get their taxes reduced to about 15 percent or less. Giving tax breaks without the employer doing something in return is silly. Let them earn it. (That is from post # 890) Did you see what I did there?
Number one I am against, we need to help our citizens and fix our problems before we help others.
I'm okay with number 2.
3.A Not sure about that one, I would need to see what a substantial tax break is.
B. I wouldn't care for, it creates job instability as an employer fires one person so they can hire another for a tax break, that would be a sum zero game.
C. Again it depends on the tax break, I am not a big corporate welfare guy.
D. I am against a business getting rewarded for following the law, so I would ask for something different in D.
I am for getting rid of many deductions, I did not go back and read #890.
Overall, it at least gets a ball rolling. It's the start of a discussion.
You are not understanding the entire bill, nor would you want to. Seems you only want to criticize it.
IF an employer fires one employee to hire another one, he not only loses the training time, he cannot use that employee for the tax break regarding annual pay increases.
At the worst end of the scale, entry level workers could get a year's experience, a livable wage and that might translate into motivated workers doing things that would help them get into a better financial position rather than relying on Uncle Scam and welfare.
I mentioned parts I liked yet you want to focus on me being critical. When you want to have a dialogue let me know.