Word: hires
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Dates: during 1970-1979
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...firing practices of local American papers represents a major cause for the low minority hiring rate of the larger national newspapers, Maynard said. The local papers, which serve as steppingstones to jobs on larger papers, hire virtually no minority group members or women, thus limiting their representation on the larger papers, he said...
...bill, the President had hoped to encourage businessmen to buy new equipment and hire more workers by offering two alternatives: 1) a company building new facilities or buying new machines could increase its investment tax credit from the current 10% to 12%, or 2) it could simply choose to accept a tax credit equal to 4% of its total contributions to Social Security, thus decreasing slightly the cost of hiring new workers. For example, a company employing 100 workers earning an average of $10,000 a year could have deducted...
...package. In fact, it is one of the most bizarre, zany-and ultimately self-defeating-pieces of important legislation to reach the floor of the House in a long time. Ullman's proposal is titled "the jobs tax credit," and its professed aim is to encourage companies to hire new workers. For every new employee hired, a company would be granted an income-tax credit of $1,680, or 40% of a new employee's first $4,200 in wages. So far, not so bad. However, the Ullman committee wrote a number of crucial catches into the plan...
...likely to dangerously distort the job market. His point: "It encourages employers to substitute part-time workers for full-time workers and low-income workers for moderate-income workers." For example, in order to double the tax credit available to it under the plan, a company may decide to hire two marginally qualified workers at $5,000 apiece rather than one more skilled person...
...Even the experts on the Ways and Means staff admitted that the proposal could lead to "job churning"-the conversion of full-time jobs to part-time jobs in order to collect more tax write-offs. Ullman conceded that a firm might be able to hire a worker at $4,200 for six months, replace him with a new worker at the same wage and pick up $1,680 credit for each...