Tag Archives: Tax Credit

McCain Vs. Obama – Election of 2008 – Jobs and Wages

McCain wants to keep minimum wage at $ 7.25 each hour by the year 2009. Obama wants to increase minimum wage to $ 9.50 each hour by the year 2011 and also wants to tie future rises onto inflation. McCain wants to make tax credit equal to 10 percent of costs used on R&D. obama … Continue reading

President Signs Hiring Incentives to Restore Employment (HIRE) Act

04/26/2010 Measure Will Provide Tax Credits For Hiring Unemployed Workers On March 18, President Barack obama signed into law the Hiring Incentives to Restore Employment (HIRE) Act. The bill contains approximately $17.6 billion in tax credits to stimulate employment and contributes about $20 billion toward highway and transit infrastructure programs. The President stated that while … Continue reading