Now is the time to give businesses every incentive to hire American workers, and eliminate uncertainty in the tax code.
I favor targeted, short-term tax incentives for small- and mid-sized businesses that create new jobs, and for any company that hires a worker who has been unemployed. The US Economic Institute estimated that a 15% tax credit for expanded payroll costs could create up to 2.8 million new jobs over a year. Ideas like this one are a great place to start.
Our high schools and community colleges should get grants to support internships at key high- tech businesses. We can promote math and science education and practical skills while helping companies find and prepare new workers with exactly the training they need, now.
We need to encourage hiring. Let's expand programs like the one I helped create in Illinois that give tax credits for businesses to hire Veterans as they leave military service or unemployed Vets who acquire new skills. We can give businesses a tax credit if they hire jobless workers as proposed in the HIRE Act.