To: The United States House of Representatives and The United States Senate
Tax Credits for Actually Creating New Well-Paying Jobs
Instead of giving tax breaks to large corporations hoping that they will create more jobs, you should give a tax credit to any company, large or small, that actually creates new well-paying jobs.
Why is this important?
The form for this could be very simple:
1) How many employees of this company were paid at least 65% of the US median wage this year?
2) How many employees of this company were paid at least 65% of the US median wage last year?
3) Subtract line 2 from line 1
4) Multiply line 3 by 20% of the median wage
5) Enter line 4 as a tax credit on line…. of form …
Cutting taxes for the rich does not create jobs. Reagan tried it and tripled the national debt. Bush II tried it and doubled the national debt. Brownbeck tried it and ran up a huge debt. Some companies that took advantage of Bush’s tax holiday actually reduced their domestic payrolls.
1) How many employees of this company were paid at least 65% of the US median wage this year?
2) How many employees of this company were paid at least 65% of the US median wage last year?
3) Subtract line 2 from line 1
4) Multiply line 3 by 20% of the median wage
5) Enter line 4 as a tax credit on line…. of form …
Cutting taxes for the rich does not create jobs. Reagan tried it and tripled the national debt. Bush II tried it and doubled the national debt. Brownbeck tried it and ran up a huge debt. Some companies that took advantage of Bush’s tax holiday actually reduced their domestic payrolls.