THE AMERICAN JOURNAL

PROMISES, PROMISES: Obama revives jobs tax credit

By STEPHEN OHLEMACHER, Associated Press Writer Stephen Ohlemacher, Associated Press Writer Tue Jan 26, 3:16 am ET

WASHINGTON – President Barack Obama’s push to create jobs includes a new tax credit for small businesses that add employees, an idea that has appeal as the nation struggles with an unemployment rate topping 10 percent.

It is an idea, however, that fell flat in Congress when Obama first proposed it last year because lawmakers didn’t know how to target the credit effectively. The Obama administration still hasn’t provided details on how the tax credit would work, and some tax experts question whether it would

Read more: AP

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January 26, 2010 - Posted by | Uncategorized | ,

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