Re: Small business tax credits for hiring new employees
All this will do is to reward those businesses who were going to hire anyway, regardless of this plan. Looking at it from the standpoint of a small business.....hmmm well lets hire a guy, pay him 40k a year so i can get 5k in tax credit. If that person is not needed, you are still operating 35k in the hole. When demand rises, when people can invest, when overhead costs drop, when unemployment and workers comp dont bite into so much profit, when they see more incentive to expand instead of fear of being taxed at a higher rate....then the hiring demand will rise. I would say the actual percentage of owners thinking....Man, Im only 5k short in the budget to hire a new employee....is very few. There are alot more of them praying that banks start lending, people can afford to spend, and the rich begin to invest again.
2000 F-250 Supercab/Shortbed 6-speed
Swamp Ass Hybrids, Swamp Ass tuning, Stage 1 Oil, 38R, Southbend Clutch.