Job creation credits

Frankly, it seems reducing or in some cases eliminating the payroll tax would be better and more progressive, but as Justin Fox notes, the story in the NY Times on the hiring tax credit being considered is very thorough and compelling.

One thing though, if this is something Washington is seriously mulling, then they'd better act fast. Why would a business hire someone now, if they can expect a tax credit if they wait six months to make that hire.