Targeted Jobs Tax Credit

Targeted Jobs Tax Credit
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures
Publisher:
Total Pages: 272
Release: 1995
Genre: Government publications
ISBN:

Targeted Jobs Tax Credit

Targeted Jobs Tax Credit
Author: United States. Congress. Senate. Committee on Finance. Subcommittee on Economic Growth, Employment, and Revenue Sharing
Publisher:
Total Pages: 340
Release: 1981
Genre: Employment tax credit
ISBN:

Making Sense of Incentives

Making Sense of Incentives
Author: Timothy J. Bartik
Publisher: W.E. Upjohn Institute
Total Pages: 180
Release: 2019-10-15
Genre: Political Science
ISBN: 0880996684

Bartik provides a clear and concise overview of how state and local governments employ economic development incentives in order to lure companies to set up shop—and provide new jobs—in needy local labor markets. He shows that many such incentive offers are wasteful and he provides guidance, based on decades of research, on how to improve these programs.

Targeted Jobs Tax Credit

Targeted Jobs Tax Credit
Author: United States. Employment and Training Administration
Publisher:
Total Pages: 3
Release: 1979
Genre: Employment tax credit
ISBN:

Targeted Jobs Tax Credit Extension

Targeted Jobs Tax Credit Extension
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures
Publisher:
Total Pages: 228
Release: 1984
Genre: Employment tax credit
ISBN:

The Great American Jobs Scam

The Great American Jobs Scam
Author: Greg LeRoy
Publisher: Berrett-Koehler Publishers
Total Pages: 299
Release: 2005-07-21
Genre: Business & Economics
ISBN: 1609943511

For the past 20 years, corporations have been receiving huge tax breaks and subsidies in the name of "jobs, jobs, jobs." But, as Greg LeRoy demonstrates in this important new book, it's become a costly scam. Playing states and communities off against each other in a bidding war for jobs, corporations reduce their taxes to next-to-nothing and win subsidy packages that routinely exceed $100,000 per job. But the subsidies come with few strings attached. So companies feel free to provide fewer jobs, or none at all, or even outsource and lay people off. They are also free to pay poverty wages without health care or other benefits. All too often, communities lose twice. They lose jobs--or gain jobs so low-paying they do nothing to help the community--and lose revenue due to the huge corporate tax breaks. That means fewer resources for maintaining schools, public services, and infrastructure. In the end, the local governments that were hoping for economic revitalization are actually worse off. They're forced to raise taxes on struggling small businesses and working families, or reduce services, or both. Greg LeRoy uses up-to-the-minute examples, naming names--including Wal-Mart, Raytheon, Fidelity, Bank of America, Dell, and Boeing--to reveal how the process works. He shows how carefully corporations orchestrate the bidding wars between states and communities. He exposes shadowy "site location consultants" who play both sides against the middle, and he dissects government and corporate mumbo-jumbo with plain talk. The book concludes by offering common-sense reforms that will give taxpayers powerful new tools to deter future abuses and redirect taxpayer investments in ways that will really pay off.

Targeted Jobs Tax Credits

Targeted Jobs Tax Credits
Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Select Revenue Measures
Publisher:
Total Pages: 140
Release: 1989
Genre: New jobs tax credit
ISBN:

Jobs for the Poor

Jobs for the Poor
Author: Timothy J. Bartik
Publisher: Russell Sage Foundation
Total Pages: 486
Release: 2001-06-11
Genre: Business & Economics
ISBN: 1610440285

Even as the United States enjoys a booming economy and historically low levels of unemployment, millions of Americans remain out of work or underemployed, and joblessness continues to plague many urban communities, racial minorities, and people with little education. In Jobs for the Poor, Timothy Bartik calls for a dramatic shift in the way the United States confronts this problem. Today, most efforts to address this problem focus on ways to make workers more employable, such as job training and welfare reform. But Bartik argues that the United States should put more emphasis on ways to increase the interest of employers in creating jobs for the poor—or the labor demand side of the labor market. Bartik's bases his case for labor demand policies on a comprehensive review of the low-wage labor market. He examines the effectiveness of government interventions in the labor market, such as Welfare Reform, the Earned Income Tax Credit, and Welfare-to-Work programs, and asks if having a job makes a person more employable. Bartik finds that public service employment and targeted employer wage subsidies can increase employment among the poor. In turn, job experience significantly increases the poor's long-run earnings by enhancing their skills and reputation with employers. And labor demand policies can avoid causing inflation or displacing other workers by targeting high-unemployment labor markets and persons who would otherwise be unemployed. Bartik concludes by proposing a large-scale labor demand program. One component of the program would give a tax credit to employers in areas of high unemployment. To provide disadvantaged workers with more targeted help, Bartik also recommends offering short-term subsidies to employers—particularly small businesses and nonprofit organizations—that hire people who otherwise would be unlikely to find jobs. With experience from subsidized jobs, the new workers should find it easier to obtain future year-round employment. Although these efforts would not catapult poor families into the middle class overnight, Bartik offers a powerful argument that having a full-time worker in every household would help improve the lives of millions. Jobs for the Poor makes a compelling case that full employment can be achieved if the country has the political will and adopts policies that address both sides of the labor market. Copublished with the W. E. Upjohn Institute for Economic Research