Thursday, February 4, 2010

Addition to the Long List of Employment-Reducing Policies

The list of employment-reducing public policies grows yet again:

  • Extra taxes for multi-national corporations (see yesterday's Wall Street Journal; HT Greg Mankiw)
  • mandating the employers with large payrolls provide health insurance, but that employers with small payrolls do not,
  • means-tested mortgage modification (presenting millions of workers with implicit tax rates in excess of 100% (sic)),
  • means-tested new home buyer credit,
  • mean-tested student loan modification,
  • unemployment insurance extensions,
  • state income tax hikes,
  • IRS means-tested enforcement of prior tax debts,
  • marginal federal tax rate hikes on the "rich"!

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