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...credit to offset payroll taxes for each new employee. Companies would be eligible for a tax break if they raised salaries for current workers or increased employee hours. While the tax credit is open to companies of any size, the maximum tax benefit an individual firm can receive is $500,000. Obama believes limiting the credit means that more of the benefit will go to smaller businesses. Administration officials said the Obama plan would cost $33 billion. The hiring rebate was one of a number of tax cuts the President proposed in his State of the Union address earlier...
Just how many companies would get the tax credit undeservedly is up for debate. If the Cash for Clunkers program or the homebuyers' tax credit is any guide, the number would be relatively high. Car-research firm Edmunds estimates that just 18% of the nearly 700,000 automobiles that were bought through the Cash for Clunkers program were a result of the stimulus. The rest, 82%, went to people who would have gotten new wheels anyway. The $8,000 homebuyer tax credit did a little better. In that instance, economists estimate that 33% of the 1.4 million people who collected...
Fastman, an IT manager at a robotics research and development firm, argued that no human has contracted avian flu in North America, and their chickens have not come in contact with other birds that can spread...
...lead attorney defending Prop 8, former Justice Administration lawyer Charles Cooper, made a similar point in his argument before Walker. "The same-sex marriage is simply too novel an experiment at this stage to allow for any firm conclusions about its long-term effect on traditional marriage and the societal interests," he said...
...Delhi might have a much easier task in maintaining the economy's momentum than their Chinese counterparts. "The way I see it is that the growth in India is much more sustainable" than the growth in China, says Jim Walker, an economist at Hong Kong-based research firm Asianomics...