Eliminate, or at least for a few years, all corporate loopholes, and accounting advantages such as tax loss carry-forward or carry-back If necessary, temporarily raise income and business taxes on all applicable businesses so that they are all operating with lower quarter to quarter profits. . As a result of this increased revenue, the government can spend more Keynesian induced money without increasing the national debt excessively.
Induce the businesses to expand by giving them a chance to eliminate their new found losses. Give them tax credits allowing them to expand their product and/or service production capabilities in the US by, say, 10-20%, effectively for free, as far as they’re concerned. They must take advantage of this tax credit since their competition will, giving their competition an advantage over them in the future. Additionally, maintain every existing Keynesian government outflow of money such as unemployment payments, payroll tax elimination, and infrastructure maintenance and expansion to keep as much money flowing into the economy as possible which will maximize demand and economic growth. Also allow businesses to setup job training schools, for their business or industry up to a certain percentage of their capacity increase tax credits. Additionally, allow part of the tax credit for approved technologically NEW products (a minor modification of existing products is not creditable). All workers hired under these programs must be paid at the industry prevailing wage rate. If a small business can show a reasonable expansion plan, then lend them the money since many small businesses are presently unable to borrow at this time. Executing this plan should immediately create numerous jobs and place a massive amount of money in the economy creating massive demand and further hiring. Prices should be stable for a long time since businesses already have excess capability, enough to fill any immediate product/service demand increase from the existing moribund economy while the tax credit driven increased production should keep future prices steady. Also, as an aside, head off a nurse shortage coming up in the near future by paying for nurses’ tuition at the end of every successful academic year. Many nurses are baby boomers and will be retiring in the not too distant future and you can’t replace them overnight. Identify other professions with an immanent shortage, if there are any, and finance future practitioners education’s, similar to the future nurses, to head off future shortages. Last and most importantly of all, because nothing can be accomplished without this. Elect a government that’s interested in passing laws that will create an environment such as described above in order to increase employment.
See the whole story here: www.econostan.com
Induce the businesses to expand by giving them a chance to eliminate their new found losses. Give them tax credits allowing them to expand their product and/or service production capabilities in the US by, say, 10-20%, effectively for free, as far as they’re concerned. They must take advantage of this tax credit since their competition will, giving their competition an advantage over them in the future. Additionally, maintain every existing Keynesian government outflow of money such as unemployment payments, payroll tax elimination, and infrastructure maintenance and expansion to keep as much money flowing into the economy as possible which will maximize demand and economic growth. Also allow businesses to setup job training schools, for their business or industry up to a certain percentage of their capacity increase tax credits. Additionally, allow part of the tax credit for approved technologically NEW products (a minor modification of existing products is not creditable). All workers hired under these programs must be paid at the industry prevailing wage rate. If a small business can show a reasonable expansion plan, then lend them the money since many small businesses are presently unable to borrow at this time. Executing this plan should immediately create numerous jobs and place a massive amount of money in the economy creating massive demand and further hiring. Prices should be stable for a long time since businesses already have excess capability, enough to fill any immediate product/service demand increase from the existing moribund economy while the tax credit driven increased production should keep future prices steady. Also, as an aside, head off a nurse shortage coming up in the near future by paying for nurses’ tuition at the end of every successful academic year. Many nurses are baby boomers and will be retiring in the not too distant future and you can’t replace them overnight. Identify other professions with an immanent shortage, if there are any, and finance future practitioners education’s, similar to the future nurses, to head off future shortages. Last and most importantly of all, because nothing can be accomplished without this. Elect a government that’s interested in passing laws that will create an environment such as described above in order to increase employment.
See the whole story here: www.econostan.com
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