There has been significant criticism from the business community of President Obama's new jobs proposal. Some say giving a tax credit for hiring workers laid off for six months or more is a nice gesture, but it won't create many new jobs. If demand existed, new jobs would be created with or without a tax break. Without demand, unless the government pays the business owner more than the net cost of the hired worker, no jobs will be created. Of course, if it had the will to, Congress could create demand -- in infrastructure, education, first responders, healthcare and many other areas. But private sector job creation is all about demand first and tax incentives second. Without it, U.S. corporations will continue to sit on their $2 trillion cash stockpile. What do you think it would take to get every road, bridge, tunnel, airport, rail system and public school in this country to be world-class, and would it be worth it? Everyone talks about the legacy we're leaving to future generations. Would the ROI on the best infrastructure in the world be greater than the cost of the borrowing? What's your view?
To read the full, original article click on this link: What Would it Take for the U.S. to be World Class Again?
Author:Mitchell York
