No company could reap more than $500,000 from the combined benefits, one of several features meant to tailor the program more to small businesses than to large...
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Business
Published
01/30/10
BALTIMORE (AP) — President Barack Obama renewed his call for tax incentives to create jobs Friday, saying a greater effort is needed even though his administration has "stopped the flood of job losses." 
Associated Press
President Barack Obama tours Chesapeake Machine in Baltimore on Friday with Operations Manager Joe Sedlak, left, and owner Terry Sims, before talking about the jobs tax credit.Find Us On Facebook
Obama wants to give companies a $5,000 tax credit for each net new worker they hire in 2010. Also, businesses that increase wages or hours for their existing workers in 2010 would be reimbursed for the extra Social Security payroll taxes they would pay.
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