The president has described the policies he plans to offer in his major jobs speech before Congress next week as “bipartisan ideas that ought to be the kind of proposals that everybody can get behind.” Which is an interesting way of putting it, because when it comes to at least one of those ideas — a hiring tax credit for employers — the only bipartisan thing about it is the opposition.
This proposal would give businesses a temporary, refundable tax credit — likely in the range of $3,000 to $5000 — for each new employee they took on. If that sounds familiar, it is because President Obama has already floated the idea — twice — and each time both Republicans and Democrats lined up to reject it.
Keep reading this post . . .