There is nothing wrong with a TARGETED tax cut designed to stimulate job hiring—or achieve some other similar overall economic goal—so long as the objective is understood, the tax cut is designed to achieve the objective, that it is relatively short term and that there are mechanisms included to determine compliance.

For example, a general tax cut for businesses would typically result in the owners pocketing the ’saved’ taxes, and very little would be spent on expansion or hiring, given the present economic circumstances.

But, a target cut—say, one in which the government pays 50% of the employer and employee share of withholding on wages over a two-year term for certain classes of new employees—would, in fact, result in job creation. That’s the sort of tax cut that should be proposed…