Bribe the rich

You said the CEO gets a tax break, what about for public or private companies. Will share holders get a tax break too?

Sorry Skimper, I haven't logged in, in a while.

Anyway, the scheme could include a tax break for the shareholders. Probably not something as substantial as 100% of income being tax free, but enough of a break to encourage them to put pressure on the boards to hire. Currently it seems like the stock prices of companies go UP when layoffs are announced, so it would help the goal of job creation to reverse that trend and have stock prices go up when HIRING is announced.

This is basically a temporary scheme to attempt to drive job creation. So far the government has spent billions on worthless boondoggles trying to stimulate job creation and wound up pretty much wasting the money. Rewarding people AFTER they create the jobs seem to have a better chance of working than the current reward them with grants, tax breaks, interest free loans etc before they create jobs (even if they don't wind up actually creating any).

Re Flat tax

I personally LOVE the idea and think it would be a great improvement to the tax system in the US. But unfortunately politicians hate it as they derive great power from their ability to control the tax code. And getting a politician to voluntarily give up even a small amount of power is extremely challenging.