"The Get America Working! approach would work, in effect, by correcting a major price distortion. The current U.S. Internal Revenue Code taxes employment far more heavily than it does the use of natural resources. This distortion has grown progressively worse as payroll taxes have grown. Revising this distortion would increase employment, equity and overall economic vigor importantly. And it would do so by responding to market price signals, not through clumsy and expensive government interventions."
Hugging The Third Rail: Unemployent Is So Bad, Washington May Finally Cut Payroll Taxes
Date:
Wed, 03/18/2009
Source:
The Huffington Post
I'm no economist, though I've worked with plenty of them. As a public interest and public policy PR consultant, the economic indicators I notice most are perceptual and rhetorical: things like the steady uptick in comparisons to the Great Depression, and the new CNN/Opinion research poll that says concern over unemployment has tripled in recent months, making it the top economic issue facing Americans.
