By STEPHEN MOORE
House Speaker John Boehner rolled out the congressional Republican counteroffer to President Obama's American Jobs Act on Thursday. It wasn't a plan for fundamentally changing economic policy in Washington—the GOP candidates for president will need to do that—but it does set out the right pre-conditions for jobs and growth. And it establishes a no-fly zone to deter more Obama regulations and taxes that inhibit hiring.
Mr. Boehner emphasized what he called the "triple threat" from government now facing employers: federal regulations, out of control spending and a business-unfriendly tax code.
Associated Press
"Employers will hire if they have the right incentives," Mr. Boehner said, "but the incentives have to outweigh the costs. Businesses are not going to hire someone for a $4,000 tax credit if government mandates impose long-term costs on them that significantly exceed the temporary credit." That's a not-too-subtle shot at the White House, whose plan dangles tax breaks in front of employers in 2012, then snatches them away in January 2013.http://online.wsj.com/article/SB10001424053111903927204576574681944009962.html
