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Jobs bill offers tax breaks for hiring

 

San Francisco Chronicle: An employer who hires a jobless person won't have to pay the new worker's Social Security taxes for the rest of the year under a bill President Obama is expected to sign today.

Employers also get a tax credit worth up to $1,000 on their 2011 tax return if they retain the new worker for at least 52 consecutive weeks.

Sponsors say the bill will spur job growth, but critics say it will simply reward businesses that would have hired workers anyway. Read Article

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