AEIdeas

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Discussion: (6 comments)

  1. Seattle Sam

    I’m open to persuasion, but some of these strike me as having very high costs per beneficiary (You don’t want to be in the same position as the Obama administration has where it passes “job creation” measures that end up costing $200,000 per job “created”). Others strike me a bit like paying employees extra if they come to work on time.

  2. Joe Marinaro

    Why reduce the payroll tax? Given the problem with entitlements (SS and Medicare) we should think about raising those taxes. Instead, reduce the lowest marginal income tax rate.

    In fact to increase employment in the “infrastructure” investments, create a payroll tax dedicated to an infrastructure bank. Make that tax revenue neutral by a corresponding reduction in that lowest marginal income tax rate. This would provide a steady stream of funding for infrastructure spending and force politicians to prioritize spending elsewhere.

    For SS and Medicare reform, if we are not willing to increase the payroll tax rate then look to raising the lowest age for taking payments and lower those payments for early starts. Keep the “regular” retirement age and payments the same but using actuarial tables increase the payments for those deferring the start of payments. Hopefully the shift will drive more to push back the benefit receiving date and put the fund in better shape.

  3. Brilliant thinking gets to Harry Reid and he says “No”. Dead end.

  4. 6. is close to a good idea, but too restrictive. Include under-employed, displace-employed and remove the word “small” ( a business is the size its owners can / chose to make it ). The distribution mechanism is already in place. Just brush up the SBA. ( hint: if they have the same cliche set of criteria private investors have, they aren’t in the market to help a different set of folks )

    @DanFarfan

  5. John Tierno

    Though I agree with most of these suggestions, I have a question: How will high skilled immigration get someone off unemployment? That is ludicrous. Importing labor, high skilled or not will have no immediate impact on unemployment. It will only exacerbate the problem. I have worked in technology and it all it has done was displace American born workers.

  6. Cartwright

    It looks like a prudent and effective list of steps to improve Obama’s dismal state of joblessness. These recommendations have a striking resemblance to a list of the things Mitt Romney wanted to do. It’s a shame American voters weren’t interested in improvement.

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