From Citi’s Tobias Levkovitch this morning, a simple line on the silliness of thinking tax cuts will incentivize hiring:
“Whatever temporary or even longer- lasting tax incentives offered, it is terribly difficult to convince employers to add workers they don’t need.”
We touched on this this weekend in this post.
So mostly, Levkovitch is pretty pessimistic that Obama and Congress could possibly agree on anything that’s demand-inducing.
Read more: http://www.businessinsider.com/a-one-sentance-explanation-of-why-tax-cuts-wont-spur-hiring-2011-9
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