Tags: Unemployment | problem | tax | credit

Solving the Unemployment Problem Is Simple

By Bill Spetrino   |   Friday, 09 Nov 2012 07:43 AM

Let's get the U.S. economy going and get back 12 million new jobs.

Clearly no one in Washington knows how to solve our terrible unemployment problem. In the last four years, more folks went on disability than got a job.

The solution is very simple.

Editor's Note: Small-Town Ohio Accountant Uses Simple Forgotten Secret to Help Investors Pocket Millions

Offer a $40,000 tax credit to every business that hires someone for at least five years at a minimum $30,000 salary annually plus health insurance. That should create 11.85 million jobs for five years or more.

That wouldn’t be jobs “saved,” but NEW jobs created.

To implement this policy, we can start with companies that have at least $100 billion of market capitalization.

This way we could actually go after Apple, Cisco, Microsoft, Exxon, Caterpillar, United Technologies, Boeing, etc. if they tried to renege on their promise.

Many small U.S businesses that do business with these large companies would see a drastic pickup in orders and overall business.

State, federal and local governments would have fewer people on food stamps and Medicaid, and tax receipts would be booming and help stimulate this anemic economy.

Just think, almost 12 million new jobs would be created and the increased tax receipts and lower unemployment, food-stamp and Medicaid expenses could make this plan revenue-neutral or even lower our annual $1.1 trillion deficits.

Editor's Note: Small-Town Ohio Accountant Uses Simple Forgotten Secret to Help Investors Pocket Millions

The stock market and housing market would be booming and the unemployment rates would be 5 percent or lower.

This is the type of plan we need badly. Is anyone in Washington in either party listening?

About the Author: Bill Spetrino
Bill Spetrino is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of the Dividend Machine. Discover more by Clicking Here Now.

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BillSpetrino
Let's get the U.S. economy going and get back 12 million new jobs. Clearly no one in Washington knows how to solve our terrible unemployment problem. In the last four years, more folks went on disability than got a job.
Unemployment,problem,tax,credit
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