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The credit is limited to $ 500,000 for each employer. A few hours after the Commerce Department announced that economic growth had resumed last year as president, Obama visited a plant engineer in Baltimore on Friday to promote the plan, which would give companies a tax credit up to $ 5,000 per new employee and to pay social security when extending their payroll.

Grassley of Iowa, who is the Finance Committee Senate Republican, said in a statement that "tax incentives to encourage job creation can help if done right. But he added that" Congress is going to swim against the current with the tax deduction if not do anything harmful to the environment for the growth of small businesses .. Charles E.

Bartik, senior economist at the W. Upjohn Institute for Employment Research, Kalamazoo, Mich., Timothy J. Bartik, author of the plan of the institute, said Friday that the President's proposal would create at least a million jobs at a cost of $ 30,000 jobs. "It solves the current labor crisis in the U.S., but will significantly reduce labor problems," he said

The plan should also provide greater benefit to the majority of payment, whereas under the Obama plan, businesses do not get credit for salary increases for employees with more than $ 106,000, the annual taxable wage limit of Social Security. The National Federation of Independent Business said its preference for a payroll tax holiday extended to "every small business, not only for employers who can afford to raise wages, but the Obama administration believes that these plans do not have done enough to boost recruitment and wage increases.

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