Obama’s jobs plan: Small businesses get $5,000 tax credit for every new hire | Raw StoryThe proposal, which must be passed by Congress, would allow small businesses to claim a 5,000-dollar tax credit for every new employee they hire and to be reimbursed for Social Security retirement taxes on increased payrolls.
As some of you know I'm in Retail Management so I would consider myself to have some credibility when it comes business issues. What Obama and his supporters of this don't realize is that while yea a $5,000 tax credit sounds nice. It means jack when a business doesnt need a said employee or when said employee is more trouble than he/she is worth. While it may sound cold, a persons sole purpose 9 out of 10 times for running a business is money and profit. I know I wouldnt hire someone just to fill a quota (unless corporate mandated it) or just for the sake of giving someone a job. (which would be meaningless if I had no hours for them).