National

Feb 6, 2010 11:06 AM by Associated Press

Job creation is a priority

With 8.4 million jobs lost in the Great Recession, Democrats are anxious to pass a jobs bill before they take their winter break in a week.

President Barack Obama wants to give employers a tax break for each new worker they hire. Sen. Bob Casey of Pennsylvania is one lawmaker who likes the idea. A similar tax credit in the 1970s created over 700,000 jobs.

An alternative idea that's gaining traction in the Senate would exempt companies from paying the employer's share of Social Security payroll taxes for new workers they hire this year.

Other tax breaks supported by Republicans will likely also be in the measure the Senate is expected to consider in the coming week.

There's talk of a tax break for businesses that hire unemployed workers as well as extending a business tax credit for research and development through the end of this year.

 

 

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