Reward actual job creators through Earned Corporate Tax Cuts
House Republicans recently released H.R.1 referred to as the “Tax Cuts and Jobs Act.” Unfortunately, the only part of the title that is a certainty is the tax cut portion. The jobs part is an uncertainty, merely speculation that jobs will be created.
While supporters of the bill promise it will create more jobs and even higher wages, there are no requirements for companies to increase hiring or raise wages to have their statutory tax rate reduced from 35 percent to 20 percent. H.R.1 is a tax cut bill with a title that only implies it will create jobs.
As currently written, there is no guarantee that only companies creating jobs and paying higher wages will see a significant reduction in their tax rate. It is the equivalent of selling your house, handing the keys and title to the buyer and hoping they pay you.
Asking Americans to take on an additional $1.5 trillion in debt based solely on supporters promises that it will create more jobs is naïve at best. Americans deserve certainty. They deserve a better return on the proposed $1.5-trillion tax cut investment and it’s called the Earned Corporate Tax Cut or “ECTC."
The ECTC would base each company’s tax rate on its rate of American job creation, wages and employee-provided health insurance. Companies that don’t increase hiring wouldn’t receive a tax cut and unlike H.R.1, companies that fire Americans certainly wouldn’t get a tax cut.
http://thehill.com/opinion/finance/359643-reward-actual-job-creators-through-earned-corporate-tax-cuts
Makes to much sense which is why it'll probably never pass.