Daily Jobs Video; Improved Alternative to Stimulate Job Growth?
November 18, 2009
CNBC’s Michael Liesman weighed in on the current employment situation this morning. He reports that President Obama may be considering payroll tax breaks as an added measure to resuscitate job growth in the US. The president will hold a forum on jobs and economic growth December 3rd in which some of the best and brightest CEO’s, small business owners, and financial experts will discuss ideas for continuing to grow the economy and put Americans back to work.
See today’s Wall Street Journal for an opinion piece by Michael Boskin, economist and Stanford University professor, in which he evaluates the risks and benefits associated with such a plan (payroll tax break). An advocate, Boskin projects the impact in which a relief of 6 points would have had if instituted when the initial Stimulus plan went into effect. His findings are that the cut would add 3-4 million jobs at a fraction of the cost of the initial bill.
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