Andrew Busch writes on CNBC.com:

The Obama budget is doing something now that will incent people to hire workers that in the long run is going to cost them their jobs. It's ironic that the plans are to provide a tax cut to hire workers (Small Business Jobs and Wages) and then a tax hike (2001-2003 Bush cut roll off) to discourage it. Remember, many small businesses are subchapter S and the profits roll straight through to individual tax returns. So when you tax earners over $250k, you hurt small business. Cheap loans (any loans) will help, but incenting people by letting them keep them own money is better for the economy and for job creation.

Tom Donohue on jobs and taxes: