Clark's job recovery plan

[returnable]

Just announced, for those of you interested:

http://www.clark04.com/release_02.php

Plans on paying for it by rolling back the tax cuts on those making more than $200k.

[wyldwolf]

1. Excellent!

I like how he will be giving money back to the states and the tax credits for new hires.

[knowledgeispower]

9. Money to the states is imperative

This is how the right wingers are attacking social programs. They gave control of all these programs (welfare, medicare, etc.) to the states, and now that the states are desperate for money they are cutting said programs. Getting help to the states will stop and hopefully reverse this trend.

[diplomats]

2. Good ideas

I love the theme of New American Patriotism because it goes right after the RW attempt to monopolize it. Of course, for Clark (and our other candidates, too) it means governing in the interest of the people, not launching wars and wrecking our economy.

[dkamin]

3. Genius

Who's going to be against repealing the tax cuts for 200K+ earners, at the expense of increased property taxes for localities and decreased homeland security?

Bush and his thugs won't be able to throw the "raising taxes" charge very easily on this one.

Coupling the tax cut repeal with the very tangible benefits it will pay for is very clever.

President Clark.

[MissMillie]

4. $5000 for every new employee hired....

or for every new job created. There is a difference, right?

[Renew Deal]

11. It pays for itself.

The new tax revenue should pay for the plan withing a year.

[jonnyblitz]

5. cool. thanks for posting! n/t

[blm]

6. So far, Clark is aligning himself, policywise, with Kerry.

Interesting. Even his new American patriotism is a Kerry theme from last spring. Almost makes me believe the rumors that the DNC hopes for them to run together just may be true.

[RobertFrancisK]

7. Sounds really good

I like it, seems creative and practical.
I knew this guy wouldn't let me down.
I think he should include a flat payroll tax exemption for the first $15000 or so, somewhat like Kerry's, but as a whole I like it a lot.

[TacticalPeek]

8. KKKick Karl.

Thanks for the link.

:kick:

[DoYouEverWonder]

10. He needs to reword this section

"Clark’s plan would give businesses a tax credit of up to $5000 for every new employee hired in 2004 and 2005, helping to end this jobless recovery."


It should be for each new position created, not every new employee hired. For business like the resturant industry that have high turn over rates, this would really bust the bank. Besides if you do it based on new hires, it would encourage me to fire staff and replace them in order to get more money.

[returnable]

I agree

Some elements need further clarification.

But I think that's true of every candidate's plan.

Hopefully the debate tomorrow will bring some things into focus.

[Renew Deal]

13. Retroactive break gives corporations

an incentive to get Clark elected. it will be in their best interest. They will recieve a check for 2004 in 2005. Nicely done.

[SoCalDem]

16. I agree.. for each new position.. take it one step further, though

FULL TIME position.. and before they get the $5,000 credit, the posoition has to be in effect for a year.. Without restrictions, "some" companies would hire a bunch of part-timers, work them a few months, collect the 5K each, and then lay them off.:(

[Brian Sweat]

20. I agree, they need to increase their head count to get the tax break.

[Starpass]

12. I know what the repukes will criticize and it is just what Clark needs

to keep on pushing (and so do the other candidates). They will say because of the $200,000 income that this is class warfare and "da' Amurekan people won't stand for class warfar"--they say this every time because they know the Americans could be very easily dragged into class warfare and they are scared shitless. When this happens, Clark needs to flick it off and say "class warfare has been going on and the rich are winning". This tax break for them can indeed be the start of a needed class warfare if handled right. And, it's about time.

[Renew Deal]

14. They got the largest break

in the last cut percentage wise. He is smart enough to throw the charge back at them. :kick:

[Composed Thinker]

17. I agree

He has to be more active about it. He really has to hammer his points home in the face of Bush.

[Pepperbelly]

15. whoo-hoo!

Hey, bush, you prick!

Help is on the way.

:toast:

Go, Wesley, go!

:kick:

[sandnsea]

18. It's the Kerry Plan

Except not as good.

http://www.johnkerry.com/issues/resoring_jobs_plan.html

[Pepperbelly]

19. Wesley's plan is better on several fronts ...

It would create more jobs than Kerry's plan. This is true for several reasons. First, Clark's plan offers the $5K tax credit on new employees (I agree ... this should be changed to full-time positions rather than employee) while Kerry offers some credit but allows businesses to get credit for capital improvements as well as hires. While there would be secondary economic consequences for ordering additional widgits or whatever, the Clark plan stimulates only economic activity that creates jobs. IOW, under Kerry's plan, a company could get a credit for a capital improvement (say, additional robotics in maufacturing) and in so doing, could end up with a net loss from jobs because of the increase in automatic procedure rather than labor. Second, the credit Wesley offers is $2K more a year than the Kerry plan. Thus, the companies' cost of hires are reduced by an additional $4K over the life of the plan and provides 33% more stimulas.

Another Clark plan superiority is that Clark spells out the funding mechanism for keeping this revenue neutral. With soarding deficits, this is important, not just politically but economically as well. Remember, government deficit drives increases in long term rates and that is how most businesses finance their improvements and expansion.

Just my thoughts ...

[sandnsea]

21. It's not comprehensive

Kerry's plan covers more and offers more help across the board. And that link is really just an overview. When you read his speeches on various portions of that plan, like health care or manufacturing, he goes into even more detail.

And upgrading a manufacturing plant is critical for those companies to be able to compete globally. It's the problem the steel industry is having right now. We compete with technology, not manual labor. We create new jobs by creating new technology industries, like alternative energy products.

I don't have a personal beef with Clark, I think he'd have a good chance to beat Bush and would end up implementing alot of Kerry's ideas anyway. It's just that Kerry has so thoroughly delved into every issue that I can't understand why we don't just go with the real deal in the first place.

[Pepperbelly]

22. it wasn't intended to be ...

it was a policy to create jobs and not anything else. One problem considered, a solution offered. It was not intended to be an economic panacea for all of the problems facing us, fiscal and monetary. I expect we will see something about that shortly and I also expect that it will dovetail perfectly with this plan.

[sandnsea]

23. It's his economic plan

The campaign said yesterday he was releasing his economic plan today. Creating jobs is the biggest challenge in this economy. The article says job creation and fiscal discipline. I really don't know what else he could say, but we'll wait and see.

[Larkspur]

24. Krugman says that all Bush's tax cuts must go and even that is

not enough to salvage our budget deficit, which does influence our economy.

Of all the candidates, Krugman has unofficially endorsed Dean, because Dean is the only one who sees this election for what it is -- a battle to regain our democracy from the neo-fascists and that our budget needs to get balanced again in order to restore our country's economic health.

[Bread and Circus]

25. I thumb my nose at all the naysayers......

Time after time the Clark-supporters here have
been proven right. Time after time the Clark haters
have been proven wrong.

"Clark won't matter" - wrong
"Clark is not running" - wrong
"Clark is not a Demcorat" - wrong
"Clark is just running for VP" - wrong
"Clark is a stalking horse for Hillary" - wrong
"Clark is a PNAC shill" - wrong
"Clark is starting too late" - wrong
"Clark won't be noticed when he enters" - wrong
"Clark is a war criminal" - wrong
"Clark won't have any domestic policy plans" - wrong

Well, Clark has come out with the beginning of a very nice
plan and it is more detailed than what I have seen on some
of the other candidates websites. He has also written
two books on National Security and Foreign Policy so he wins
there as well.

This will be a tough primary, though Clark is in the lead
right now, that lead may change many times. I expect it
to come down to Clark, Dean, and Kerry. Now Dean and Kerry
are taking swipes at Clark -- he is on the radar. May the
best man win.

Read this and if you still think Clark has "no plan",
I beg to differ

http://www.clark04.com/econ_white_01.php

It's a three part report so don't forget to look
at page 2 and 3.