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Throw tax cuts and job creation together, and you are likely to get a bevy of supporters in Washington - on both sides of the political divide. Yet President Obama's proposal to give companies an Uncle Sam rebate for hiring workers has been anything but a slam dunk. The idea, which Obama proposed last year, was dropped from a House of Representatives jobs bill. A similar measure has been proposed but not yet passed in the Senate...

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

...Obama is not giving up on the idea. On Friday, Jan. 29, at an event in Baltimore, he fleshed out his idea for a job-creation tax credit, saying it would induce companies to hire workers. Under the Obama plan, businesses would reportedly get a $5,000 tax 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...

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

...billion stimulus bill, and in the wake of a homebuyer tax credit and Cash for Clunkers, economists and others are paying more attention to the collateral cost of stimulus. The question with this proposal is how many of the million companies that Obama predicts would be awarded a job-creation tax credit would have hired workers anyway...

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

...human brain, although encased by a heavy-duty cranium, isn't designed for football. Helmets do a nice job of protecting the exterior of the head and preventing deadly skull fractures. But concussions occur within the cranium, when the brain bangs against the skull. When helmets clash, the head decelerates instantly, yet the brain can lurch forward, like a driver who jams the brakes on. The bruising and stretching of tissue can result in something as minimal as "seeing stars" and a momentary separation from consciousness...

Author: /time Magazine | Title: The Problem with Football: How to Make It Safer | 1/28/2010 | See Source »

...then Foreign Minister, came into the forged list containing Sarkozy's name. Once that was leaked to and investigated by the French media, Sarkozy found himself cast in the role of victim of an apparent conspiracy to wreck his political career. (Read: "Sarkozy Backs Appointment of Son to Key Job...

Author: /time Magazine | Title: Sarkozy Foe de Villepin Free of Smear Row | 1/28/2010 | See Source »

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