
Originally Posted by
Times Roman
As a CFO/Controller for a variety of manufacturing companies, there is in fact much the government can do to spur employment.
1) Expand employment development zones, giving tax credits where applicable. This will spur regional employment where it is needed most.
2) Penalize companies for outsourcing labor. this can be done a variety of ways. One way is a 5% surcharge on Sales Revenue (not taxible income) if it is determined, through a variety of algorithms, that a significant portion of the product sold has labor value added off shores. 5% is huge, and will stop alot of the off shore bleeding.
3) Revamb the H1B visa system. there are whole industries, (eg, electronics) that rely heavily on the H1B when there is really no need. It is seriously being abused, and it needs to stop.
these three only took me a few seconds to come up with. there are more. But these three would have a serious impact on unemployment, if they were implemented.