Commissioner questions whether tax credit is achieving its goals

From The Hartford Courant:
A recent study by an economist at University of California, Irvine said tax credits that apply to any job hire are ineffective, because they reward businesses for actions they were going to take anyway, and generally only one in 10 hires was done as a result of the policy. But the same study by David Neumark and Diego Grijalva said that limiting the credits so that they only apply to hiring people who are unemployed boosted employment in any state that had begun such a credit by about 0.6 percentage points after four months, and by 0.9 points after a year.

For the full story, please visit http://www.courant.com/business/hc-tax-credit-unemployed-veterans-201402....