Experience shows that the idea of giving business tax credits for hiring does not generally work. Businesses would eventually hire anyway in most instances.
What is important and damaging to business, is recurring taxes, not the need for credits. Research has shown this time and again. But left-leaning politicos love to hand out tax credits under pressure, as they cannot abide permanent tax relief. It’s apparently against their secular religion.
So they continually talk about temporary tax credits, to impress the public and potential voters. Moreover, if the public is unfamiliar with business, the politicians get away with the ruse.
At least for a while. Because that tax credit policy simply does not work.
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