Earlier this month President Obama proposed a jobs bill that would benefit small businesses as well as many other companies -both large and small.
The American Jobs Act, a new strategy that would bring relief to businesses and create jobs for the American people.
Ahhh finally some good news!….And better yet the hiring incentives would take effect in October 2011.
So if you’re unemployed or your company is looking to hire soon …this gives you something to look forward to!
Employers:
One tax credit that stands out to me though, is the tax credit of up to $4,000 for hiring someone who has been unemployed for at least 6 months. If this candidate is a veteran the credit would increase to as much as $5,600- and if the veteran became disabled in the course of serving, the credit would rise to as much as $9, 600. The tax credit, of course would depend on the employee’s wages and the number of hours this employee worked.
These ideas are supported by both Democrats and Republicans, and it’s expected that Congress should pass this bill right away to get the economy moving again.
To sum it up – Put more people back to work and put more money in the pockets of working Americans.
To learn more about Obama’s Plan read The American Jobs Act.
-SN