With the economy quickly falling off the proverbial shelf I just came up with an actually pretty good idea to save our collective butts.
Instead of dumping a trillion dollars into a hole like Congress is planning on doing, so it can join the trillion dollars that we gave the banks last year, let’s actually create more jobs.
If you start a new small business that employs at least (let’s say) three people through the entire year, you don’t have to pay federal small business taxes. If you already have a small business and increase the number of employees by 5-10% or so, then you get big tax breaks.
I’ll leave the professionals to figure out all of the details like making sure that big businesses don’t get all the money. And also making sure that businesses don’t just hire someone for a few months before firing them to get the tax breaks. All in all, I think a pretty good idea.