Every job created is a tax cut for business

[Bandit]

Labor is a 100% tax deduction. If this was truly about jobs then business would hire more people and get that immediate tax credit. This is about stock piling money, about transferring money from the US treasury to the wealthy. People hire when their business warrants it. When business picks up to the point they need additional help, and when they do hire it immediately cuts their taxes that amount..It never stops amazing me how stupid the American people are as a whole, that they accept what the Republicans say without question, when all empirical evidence indicates Republicans are 100% wrong every single time..

[robcon]

1. What a nonsensical post.

If a business hires an employee (or makes any expenditure - parts, supplies, equipment, trucks, etc.), they always calculate the after-tax cost. There's nothing new about that.

For example, an employee who earns $35,000, plus $5,000 in benefits, ends up costing $20,000 after tax if the marginal tax rate is 50%.

Businesses calculate whether the contributions of that employee are worth the extra $20,000 in cost.

[Bandit]

3. Labor is 100% tax deductable

It is deducted from your gross to give your adjusted gross which you pay taxes on. The ONLY additional expense is employer share of payroll taxes..not withholding which is employee responsibility.

[FBaggins]

5. So you'll be calling your bank to get them to raise your mortgage rate?

Makes the same amount of sense. Interest on your mortgage is 100% tax deductible.

Heck... just donate all of your money to charity. Then you won't have to pay any taxes at all.

The ONLY additional expense is employer share of payroll taxes..not withholding which is employee responsibility.

I think you need to learn the difference between a tax credit and a tax deduction. :)

[Ozymanithrax]

2. Business is about profit for owners and investors...not hiring labor.

Labor is a necessary expense to gain that profit, but no business sacrifices profit to hire unnecessary labor for the tax write off. So a business must balance its need for labor with its expected profit.

What drives hiring labor is demand. People buy widgets from "The Widget Company." If "The Widget Company" sells more Widgets it can expand its production line and hire more Widget builders. If it can not sell enough Widgets, then it will cut its labor force.

Globalism made this more complex by making it easy to move whole factories to foreign nations where there is a cheaper labor pool. Cheaper labor equals great profit. But it still works the same. "The Widget Company" matches its labor force to its production to maximize profits.

Companies hire labor because demand for their product exceeds their ability to supply that product, not for the tax break. Taxes are applied to profits not expenses.

[KharmaTrain]

4. Bassackwards Pretzel Logic...

I'm soooooo tired of rushpublicans attempting to claim that it's the rich that are "job creators"...it's the consumer who is...the little guy with his $100 a week of disposible income not the high roller who spends that same $100 more often then they'll spend $1,000. Tax revenues soard to record levels in the 90s not because the rates were so high but because more people were working than ever...the more who work, the more people pay in various taxes. Obviously there's the income taxes...but also having more money to spend meant more that went to state and local governments through sales and property taxes. The big giveaways to the wealthy corporates over the past decade have yielded zero increases in jobs...and the greed factor has been the motivator to cut and outsource them.

The greed factor is so great in this country its setting us on self destruct. The elimination of the middle class (that "American Dream" no longer exists) and the consumer economy still hasn't set in on the corporates who hold no national allegiance...if they can't sell it here, they'll find a market that will. And our government will go along as the money those corporates use to influence the political system will put them at the front of the line.

The rushpublican's track record on the economy over the past 40 years has been abysmal...but since they've served the corporates so well history has been revised. Democrats can never win...

[Ozymanithrax]

6. Yes, demand creaes jobs.

When people do not have jobs or are fearful that their jobs will vanish, there is no demand.