“I ran a small business myself. I know what it takes to meet a payroll, hire workers, and create jobs in the private sector. There’s a fundamental misunderstanding of the economy that leads to a lot of bad decisions in Washington, D.C. The reality is that employers will hire if they have the right incentives, but the incentives have to outweigh the costs. Businesses are not going to hire someone for a $4000 tax credit if government mandates impose long-term costs on them that significantly exceed the temporary credit. In recent years, such mandates have been overwhelming.Democrats believe they can pass new taxes and regulations in a vacuum - that they don't have actual impacts on businesses and those businesses will just fork over the money and eat the cost.
“Private-sector job creators of all sizes have been pummeled by decisions made in Washington. They’ve been slammed by uncertainty from the constant threat of new taxes, out-of-control spending, and unnecessary regulation from a government that is always micromanaging, meddling, and manipulating. They’ve been hurt by a government that offers short-term gimmicks rather than fundamental reforms that will encourage long-term economic growth. They’ve been hampered by a government that offers confusion to entrepreneurs and job creators when there needs to be clarity. They’ve been undercut by a government that favors crony capitalism and businesses deemed ‘too big to fail,’ over the small banks and small businesses that make our economy go. They’ve been antagonized by a government that favors bureaucrats over market-based solutions. They’ve been demoralized by a government that causes despair when we need it to provide reassurance and inspire confidence.
“My worry is that even after all of this, much of the talk in Washington right now is basically about more of the same. More initiatives that seem to have more to do with the next election than the next generation. . .initiatives that seem to be more about micromanaging economic decisions than liberating them. I think the American people are worried about this too. I can tell you the American people — private-sector job creators in particular — are rattled by what they’ve seen out of this town over the last few years.
“My worry is that for American job creators, all the uncertainty is turning to fear that this toxic environment for job creation is a permanent state. Job creators in America are essentially on strike. The problem is not confusion about the policies. . .the problem is the policies.”
No, they won't. Not anymore, anyway. Until the tax and regulatory situation becomes a lot more favorable and consistent, business owners will not hire new people. They can't afford to.