President Plans Another (Misguided) Stimulus Rush

“And tax credits can affect employers’ incentives counterproductively. Why not fire a current employee now and rehire the same person later to take advantage of the proposed tax credit? How about claiming the same credit by cutting the hours of one or more existing workers to create a full-time, tax credit-eligible vacancy? Some workers simply may be shifted from jobs that do not qualify for the credit to those that do, with no net effect on total employment.”