Skip to main content

President Obama is floating the idea of creating tax credits to help military veterans find jobs. Good for him. How very thoughtful. Too bad it won't create any jobs.

Let's say I had a business and sales were down, so I had laid people off. I'm going to hire a vet to do what? I had already let people go because there was not enough work to do. Even with a tax credit it makes no sense to hire people you don't need. And when I do need more help I'm supposed to tell my laid off employees to hit the road, I'm hiring a vet?

I can't believe anybody still thinks taxes are somehow tied to employment. This is a boilerplate Republican talking point that has been proven wrong over and over again. Tax breaks don't create jobs. Demand creates jobs. Jobs create jobs.

Hiring veterans to pick up trash along the interstate would be a better use of tax dollars than giving it to employers who don't need it. But I guess putting more money into the pockets of the "job creators" is more important than actually creating jobs.

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

  •  Of course they don't, since Tax Credits (1+ / 0-)
    Recommended by:
    Catsmeat

    are inanimate objects, they don't really do anything.

    as we all know, Rich People create jobs!

    Another issue is why Vets should get special consideration for jobs . . . .

    •  If anyone deserves special consideration its Vets (0+ / 0-)

      Unemployment amongst recent vets is 25%. We, as a people, owe them at least a shot at a job.

      •  Why? (0+ / 0-)

        According to all the ads on TV, just from joining the military they receive superb job training from the US Taxpayer.

        Why are they more deserving than say one of the tens of thousands of teachers who have also been selflessly serving their countries and have been recently INVOLUNTARILY put out of work of late (unlike people in the military - who unless they're gay - really haven't had that problem in living memory).

    •  Tax credit goes to the employer. In Sept '04 (0+ / 0-)

      Bush signed legislation passed by a GOP controlled House and Senate that paid or gave tax credits to corporations to take their jobs and factories overseas.  Since that time we have lost 57,000 factories.  During Pelosi's 2 term as Speaker (09-10), she passed legislation in the house to pay companies to bring the jobs and factories back to the US.  It was killed in the "GOP filibuster everything" Senate.

      Perhaps Obama is going against this legislation.  Instead I think Obama and the Dems should go the BULLY PULPIT and explain why all the jobs have gone overseas and make a real issue of it.  Obama failed to do this in the 2010 election.  We need jobs for everyone in this country.  Public sector jobs had a preference when vets applied.  But we all know the GOP is cutting public sector (govt) jobs.

      Granted the tax credit might not be enough for some employers to hire.  Employers have to have a need. Jobs are driven by demand.  Right now there is not enough money in the middle class and poor to create demand.  Catch 22 and only the govt can help.

  •  Money create new jobs (0+ / 0-)

    Only thing will get america back too work is the government giving grant too businesses or individual too help existiing struggling businesses  or people starting new businesses , bypassing the SBA  and funded through the Federal Reserve, With an initial grant amount of 10 billion dollars ,funding 200,000  individual businesses with 50 thousand dollar   grants , this would  create million of permanent jobs,lots of people have  good job creating ideas ,but  do not have the funding to bring  thier ideas too reality

  •  taxes/jobs (0+ / 0-)

    I believe the following plan would work,  but of course obama has no interest in it:

    Mr. President you should begin to make speeches and do radio and television public ads encouraging Americans to buy only american made products whenever possible.   You  should appeal to american patriotism as the right thing to do and as a matter of our national security because of the danger of our growing foreign debt.

    We should raise taxes on the rich and corporations to pay for at least a $2500.00 tax cut for the middle class.   At the same time giving business huge tax cuts to create manufacturing jobs in america.  If just 30% of the people used their $2500.00 to buy american, we would have almost no unemployment.  If Americans demanded American made products, business would begin to reopen American factories and hire new workers.

    I believe that instead of cutting the rates and giving the tax cuts on every paycheck, tax cuts should be given in the same manner as the stimulus checks last year.  The government could give half the families in America half the tax cut money every other quarter.  Each family would get two checks a year which would allow them to make decisions to buy large appliances, furniture, make automobile repairs, etc.

    Giving Americans a tax cut without encouraging them to use the money to buy american would be a waste of money and would only enrich china.

    We should set up very strict criteria for what could be labeled made in america. In other words not things built in foreign countries and assembled in america.  We would not have to worry about trade laws.  We could allow almost any country to import whatever they want into america as long as they allowed us to export without tariffs or other barriers.

    This is a simplistic idea but it would change america

  •  Universal healthcare is looking to be (2+ / 0-)
    Recommended by:
    happy camper, Catsmeat

    the only barrier to ultimate job creation and diversification of industry here in the United States.

    Tax credits do only one thing - improve the profit margin.

    She was only a whiskey maker, but he loved her still.

    by wretchedhive on Fri Aug 05, 2011 at 07:42:29 AM PDT

  •  As a struggling small business owner... (1+ / 0-)
    Recommended by:
    Catsmeat

    I'll hire someone new if there's enough demand for my products to do so. Tax credits/cuts really have no bearing. What am I gonna do bring someone on board just to have them sit around and twiddle their thumbs? Politicians who spout such nonsense, I'd wager, have never run a small business.

    Just another faggity fag socialist fuckstick homosinner!

    by Ian S on Fri Aug 05, 2011 at 08:04:50 AM PDT

  •  Tax Cuts (payroll taxes) don't help the economy (2+ / 0-)
    Recommended by:
    Catsmeat, marty marty

    The payroll cut is not only undermining Social Security solvency, it simply doesn't work when you're cutting deficits at the same time.

    If government taxes money that is not being productive (rich savings) and uses it directly to invest in our future (get the fossil fuel needle out of our arm and move to renewables) then government can have a big impact on quality economic growth.

    I just wish we had some Democrats who would implement Democratic policies.

  •  Tax credits and tax cuts do not create jobs. (1+ / 0-)
    Recommended by:
    Catsmeat

    They create deficits. The Bush/Re-thug tax policies have been in place for 10 years now. Where are all the jobs?
    How long does Main St. have to wait?

    "I was so much older then, I'm younger than that now." -B. Dylan

    by S F Hippie on Fri Aug 05, 2011 at 10:04:19 AM PDT

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site