This isn't going to have nearly the impact Obama and company think. As a business owner, a $5,000 credit is trivial in the total cost of an employee at my company. Maybe a low hourly wage company (McDonalds, etc.) might make use of it, particularly if they get the full credit for hiring a less than 40 hour a week employee. But as far as full time, long term employment at a "living" wage - forget it.
In December, we actually stopped an expansion that would have hired 9 new employees this quarter because of the policies coming out of Washington. Talk of a new 2-8.5% payroll tax, removing the limit on income subject to social security tax, increasing the tax on "high income" earners (which is a direct tax on small business), carbon tax schemes, years of uncertainty on health care costs, there is no way to predict what labor costs will be. We are profitable now, we don't need to expand, and the prudent move is to maintain the status quo.
