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IB Net Payout Yields Model

$35B Jobs Bill to Only Add 250K Jobs

After losing 8.4M jobs during this recession, a jobs bill that is estimated to only add 250,000 jobs seems rather worthless to pursue. After all, we're talking about a lot of rules and regulations that must be adhered to in order to qualify not to mention the accounting work that it takes to work out that numbers and track which employees do and don't qualify for these tax breaks. Mark Zandi is a very credible economists so we'll go with his numbers. They pretty much sum up the bill. Too little and too much work to track. The new hiring tax credit could spur about 250,000 new jobs, according to economist Mark Zandi of Moody's Economy.com. The economy has shed 8.4 million jobs since the recession began in December, 2007. The new bill will exempt small businesses from paying the 6.2% Social Security tax until December and a potential $1,000 credit if they remain employed for a year. Plus it provides funds for federal transport projects to the tune of $20B. The 2nd part so...