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Even so, Bishop says, the plan makes sense. According to estimates from the Economic Policy Institute, which Bishop worked with to produce his own job-creation tax-credit program, a 15% tax break for new hires, which is more generous than what Obama is proposing, would lead companies to add 2.8 million more workers this year than they would have without the tax break. The EPI says that plan could cost as much as $37 billion, or about $26,000 per stimulated hire...

Author: /time Magazine | Title: Obama's Job-Creation Tax Credit: Will It Work? | 1/29/2010 | See Source »

Bishop says this means a job-creation tax credit, judged in the context of billion-dollar stimulus plans, is pretty cheap for its results. He says other stimulus ideas can cost as much as $200,000 per job created. A recent study from the Congressional Budget Office found that a job-creation tax credit could be a more efficient way of stimulating the economy than either individual tax credits or infrastructure spending...

Author: /time Magazine | Title: Obama's Job-Creation Tax Credit: Will It Work? | 1/29/2010 | See Source »

...stimulus spent in the past year, this has a distinct advantage of being targeted to exactly what we want to do," says Vincent Reinhart, a senior fellow at the conservative American Enterprise Institute who has opposed many of the stimulus programs of the past year. "A job-creation tax credit is relatively efficient and can be spent quicker. You don't have to plan a bridge in order to get the stimulus dollars out there...

Author: /time Magazine | Title: Obama's Job-Creation Tax Credit: Will It Work? | 1/29/2010 | See Source »

There was one part of the speech, however, that no green could fault: Obama's call for the creation of a high-speed rail system as a way to generate green jobs, enhance economic productivity and reduce carbon emissions. On Thursday, Jan. 28, the White House announced the awarding of $8 billion in stimulus funding to kick-start high-speed-rail projects and improve service in 13 corridors across the country. Obama and Vice President Joe Biden traveled to Tampa, Fla., to announce the projects, which include the construction of an 84-mile high-speed track from Tampa to Orlando...

Author: /time Magazine | Title: Can High-Speed Rail Succeed in America? | 1/29/2010 | See Source »

Archbishop Joseph Kurtz of Louisville, the U.S. Conference of Catholic Bishops' point man on the issue, told TIME that "the difference between man and woman allows them to make the fundamentally unique commitment of marriage, ordered to love and the creation and nurturing of new life. Because of the unique nature and responsibilities of this relationship, it deserves the protection and promotion of the state...

Author: /time Magazine | Title: Gay Marriage Trial Rests, and a Key Ruling Awaits | 1/29/2010 | See Source »

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