Last week’s CI CyberNews CyberPoll asked readers if they thought that a $5000 tax credit would spur job creation. The majority (63.6%) answered no, while 21.2% answered yes and 15.2% chose the “not right away” option.

Comments included:

“While a nice perk, companies do not hire based on one-time incentives, but rather on a long-term outlook.” -- Janelle Baranowski, Pacific Industrial Development Corp.

“$5000 won't pay a person's salary if there is no work for them to do.”

“Stability is the # need. A real dollar & no more games to help the banksters.”

“No. This isn’t the right incentive. Credit markets are still too tight. There is not enough demand for purchases yet, and a large fraction of small businesses are still in a credit crunch. (see: http://smallbiztrends.com/2010/02/small-business-cash-flow-problems-still-not-declining.html). Something needs to be done to loosen the credit markets.” -- Chris Pilko, PilkoTech

“Job creation can only result from an increase in demand for goods and services, not a one-time handout of cash.”

“It’s going to take more than tax credits to spur job creation.”


Many thanks to all of the CI CyberNews readers who have participated in our CyberPolls. Not a CI CyberNews subscriber? Follow this link to sign up for your free subscription!