7 million new jobs in 7 paragraphs
Man Robert Frank is ON FIRE in his Economic View column. The whole thing is 16 paragraphs, but in grafs 6-12 Bob lays out how we can get "more than 7 million" new jobs by the end of 2012.
I can boil his 7 grafs into 3 words:
payroll tax holiday
Yessirree Bob; it's just that easy. Cut the employee rate to zero and cut the employer's rate to zero for all new hires from now to the end of 2012.
I am in favor of cutting the payroll tax permanently, not just for 18 months, or so regardless of how many jobs it creates, but I am amazed that (a) Bob Frank is advocating this policy, and (b) that he is so sure that the resulting employment gains would be so strong.