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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