From abcnews.com regarding the “jobs proposal” working its way through Washington:
Obama’s proposal has an additional provision that would award $5,000 tax credits to companies that add workers in 2010.
Honestly, has anyone in this administration ever run a private company? I’m no economist, but my experience is this – companies hire more workers when revenue increases (i.e. growth). One-time minimal tax credits do not spawn hiring booms.
This fact puts the pressure solely on the sales department to find new prospects and close more deals in this depressed economy. No small feat.