Great e-mail from a reader at The Corner.:
Thanks for that post. You hit the nail on the head. As the owner of a 16 year old wholesale computer parts company with about 50 total employees here and in England, I can tell you it’s not about easy loans and tax credits for hiring.
As you say, it is risk aversion. It is the knowledge that my taxes are going to go up and also we just don’t see other businesses willing to take inventory positions right now.
$5000 tax credit to hire someone? That really sounds like a proposal from someone who has never hired a single person in the private sector.
Small business will start to hire when one big thing happens.
Sales Growth. End of story.
It is amazing to me that they don’t get that if they did one thing, cut the corporate tax rate, business growth would happen almost immediately.
The original post referred to above is by Stephen Spruiell.