Job Creation Tax Credit:
Cool Idea, Bad Policy
Job creation tax incentives don’t work. At least not well. And to the extent they provide the appearance of efficacy without the substance, they hinder the kind of economic policy that actually might put people back to work.
Almost always, tax incentives are a backhanded means of pursuing policy goals. In isolation they’re irritating, but often irrelevant.
They don’t usually cost much, but taken as a group, they’re a blight on the tax system.
And that can get very expensive indeed.
Read the report in TIME magazine here.