where are the jobs

Stalemate Breaker: New Retroactive Tax Rates for ‘Job Creators’

Speaking of this weekend’s hottest word — “retroactively” — two-time ‘Amazing Race’ contestant Justin Kanew weighs in with an idea about the debate surrounding the Bush Tax Cuts extension …

Right now in Washington, there’s a lot of debate about whether or not the Bush tax cuts should be extended.

The Republicans say they should be extended for everyone. President Obama says they should be extended for the first $250,000 everyone makes, easing the burden on the middle class while increasing the burden on those that can handle it.

The Republicans are against this because they say this “tax hike” will hurt small business owners, aka the “Job Creators” capable of hiring people and helping us with our unemployment numbers. They also argue that without “certainty” their taxes won’t go up, they’re scared to invest.

• Go debate this at WeForPresident

Obama says it won’t hurt small business owners, and that at the very least, since the Republicans agree we should extend the tax cuts for everyone making under $250,000, we should “agree to do what we agree on.”

The Republicans don’t want to give Obama what he wants unless they get what they want.

So a do-nothing Congress does what it does best.

Stalemate.

Here’s an idea to break the stalemate:

If the “Job Creators” want “certainty” that the Bush tax cuts will be extended so they can invest and create jobs, why not give them X amount of time to prove they’ve created X amount of jobs, at which point if they haven’t done so, they would pay the higher tax rate retroactively?

This would be a way of letting them put their money where their mouths are by incentivizing them to do what they say they’ll do.

This would help us determine if lower taxes for “Job Creators” really does help them create jobs, which is probably more of a grey area anyway since not all “Job Creators are created equal.

Hard to see much of a downside with this: either we create jobs or collect more taxes. Or are we missing something?

Justin Kanew is a two-time “Amazing Race” not-winner and film producer in Los Angeles. He produced Jean Claude Van Damme’s first comedy “Welcome to the Jungle,” coming in 2013. Tweet him @Justin_Kanew.

This post originally appeared on our DC/politics site Distriction.

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