Home » Opinion » Editorials
Economic shaping: Enough with the industrial policy
Take Annie Kuster, member of Congress from New Hampshire's 2nd District. Kuster last month introduced what she calls the "Workforce Development Investment Act." It would "provide tax credits to employers who collaborate with educational institutions to equip students with the skills they need to compete for well-paying jobs," as her office describes it.
The bill would give businesses annual tax credits of up to $10,000 for things like "(h)elping develop curriculum" and "(p)roviding internships, apprenticeships, or other hands-on educational opportunities for students."
Provide an internship, get a tax credit. Help develop a curriculum that trains people to work at your company (so you don't have to spend money training them yourself), get a tax credit.
Never mind that the New Hampshire Community College System already forges these kinds of partnerships (some of them funded, alas, by a federal grant).
Not to be outdone, Reps. John Cebrowski, R-Bedford, and David Borden, D-New Castle, advocate developing a state industrial policy to both attract and develop high-tech manufacturing businesses.
These are only the latest in the endless series of proposals to use the heavy hand of the state to shape the economy in the way politicians think it ought to be shaped. The economy would do much better if politicians would stop grabbing and pulling and tugging at it and would just leave the people free to reinvent it in ways no politician will ever imagine.
READER COMMENTS: 3
- George Will: How Obama has worsened inequality - 0
- Fergus Cullen: How an insured family, mine, ended up on the ACA exchange - 11
- John Stossel: The bogus war on women - 7
- Sheridan Brown: NH is vulnerable to an oil spill and needs some protection - 2
- Al Felgar: Patients can’t wait for state to fix narrow Obamacare network - 2
- George Will: The benefits of prudence - 0
- Jonah Goldberg: Paul and Cruz vie to become Reagan's heir - 0
- Thomas Sowell: Liberal education policies hurt minorities - 1
- Charles Arlinghaus: Yes, our paltry rainy day fund is a really big deal - 3
READER COMMENTS: 0
- Katie McQuaid's Scene in Manchester: Parents share what 'CJ' taught them - 0
- Gilford High junior surprised by Francis Wayland Parker honor - 0
- Police bill disputed by Stewartstown and Colebrook ends up in court - 0
- New to Nottingham, fire victims plan to stay - 0
- ‘Coffee with a Cop’ promotes police, community relations - 0
- Arts-based charter high school in Derry begins accepting applications - 0
- Troy voters accept community center donation - 0
- Voters support Bow School District articles - 0
- License revocations for DWI announced - 0
Police at scene of Center Ossipee shooting
New to Nottingham, fire victims plan to stay
Litchfield man found stabbed
Scott Brown's latest step stirs the pot
Hooksett's choices: Leave them to parents