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Our latest and best pro/con articles to help you develop a position on the world's most important issues.
Featured pro and con arguments from this article:
- PRO: Jobs Act could create over 100,000 jobs per month. Jacki Calmes and Binyamin Applebaum. "Bigger Economic Role for Washington." New York Times. September 13th, 2011: "The jobs package of tax cuts and spending initiatives could add 100,000 to 150,000 jobs a month over the next year, according to estimates from several of the country’s best-known forecasting firms; the potential Fed actions could add 15,000 more jobs a month over two years.[...] the firm projected that the plan would add roughly 1.25 percentage points to gross domestic product and create 1.3 million jobs in 2012. JPMorgan Chase estimated that the plan would increase growth by 1.9 points and add 1.5 million jobs. Most bullish is Moody’s Analytics, which forecast that the package would add 1.9 million jobs, cutting the unemployment rate by a point, and increase growth by two percentage points."
- CON: Increasing taxes on successful corps will do harm. Motoko Rich. "Employers Say Jobs Plan Won’t Lead to Hiring Spur." New York Times. September 9th, 2011: "David Catalano, who helped found Modea, a digital advertising company in Blacksburg, Va., said that he was wary of the president’s pledge to ask the 'wealthiest Americans and biggest corporations to pay their fair share.' His company was organized as an S Corporation, in which profits are passed through to shareholders, so it would face higher taxes under the president’s proposal, he said. He added: 'My partner and I have reinvested 100 percent of the profits that our agency has made over the last five years back into the company. If the government takes a bigger share of that from me, it directly impedes my ability to grow the agency.'"
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