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Pass a windfall profits tax that assesses a 3% tax on any increase in profits of over 10% in the past year. If a company is hording cash, assesses another 1% tax on their hoarding.
Offset this by giving tax credits in the same amount to any company that can prove that it has hired employees over this time (exact details to be worked out).
Begin to lower the tax percentage when the unemployment numbers turn around, ie: drop it 1% for every 2% points unemployment drops (ie: if the 9.2% unemployment rate drops to 7.25, lower the windfall tax from 3% to 2%).
This plan has the virtue of saying to the "job creators," "you're flush with cash. Either create jobs, or the government will take your cash and create the jobs." It also gives an out to those who are hiring people right now. And, it has just enough complexity to it that DC might go for it.
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