EPI Releases Job Creation Proposal
OPS_admin | Oct 21, 2009 | Comments 0
The EPI released a policy proposal Tuesday centered around a job creation tax credit that the left-leaning think tank claims would create millions of jobs over the next two years at a relatively low cost.
The Economic Policy Institute on Tuesday released a policy proposal centered around a job creation tax credit that the left-leaning think tank claims would create millions of jobs over the next two years at a relatively low cost.
Authored by labor market experts Timothy J. Bartik of the W.E. Upjohn Institute for Employment Research and John H. Bishop of Cornell University, the proposal calls for employers to receive a 15 percent tax credit of expanded payroll costs subject to Social Security taxes in 2010 followed by a 10 percent tax credit in 2011.
Providing monetary incentives for businesses to hire workers will create five million jobs over the next two years, three million in 2010 and another two million in 2011, according to the report.
Full Story: Economyincrisis.org – America’s Economic Report – Daily.
Filed Under: Economy - Labor
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If we don't change our ways soon...
A new report by the Royal Society, chaired by Nobel prize-winning biologist Sir John Sulston warns that world population must be stabilized and consumption in wealthy nations must be reduced or the entire planet is in big trouble. As the report reads: "The number of people living on the planet has never been higher, their levels of consumption are unprecedented and vast changes are taking place in the environment. We can choose to rebalance the use of resources to a more egalitarian pattern of consumption... or we can choose to do nothing and to drift into a downward spiral of economic and environmental ills leading to a more unequal and inhospitable future."This is the same warning that President Jimmy Carter gave Americans back in the 1970's - but it was ignored when Ronald Reagan came to power with a "more positive" message basically telling Americans we can do whatever we want. And then after 9/11 - Bush told us all we should go shopping and consume ever more.And now with corporations calling the shots in Washington - long-term sustainability of the planet takes a back seat to short-term profits. If we don't change our ways soon - and embrace clean, alternative energy and educate women around the plant - then we all could be headed for a rough century.-Thom(Is there any chance we will learn in time? Tell us here.) -
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