... and walk out with a bipartisan jobs tax credit? It's true if you believe Catherine Rampell in the New York Times. Basically, the tax credit would provide subsidies for the salaries of new hires in an effort to spur job growth. Getting it over the line now is key, since the government wants to get it in place before the economy starts to swing back into gear, but not take so much time doing it that employers delay hiring in anticipation of the subsidy. There are also plenty of concerns about loopholes and corporate welfare, but if the law is written the right way this might be something worth getting behind. Especially if Republicans will vote for something that might help lower unemployment. Here's Bob Reich with more employment increasing strategies, and my column today is about why we need more action on unemployment on the broad federal level, especially by sharing revenue with the states.
-- Tim Fernholz
