Feingold Proposes Jobs Tax Credit To Boost Hiring

Law360, New York (January 27, 2010, 2:57 PM EST) -- Sen. Russ Feingold, D-Wis., has introduced legislation in the U.S. Senate designed to encourage employers to expand their work forces and payrolls by extending a temporary two-year payroll tax credit to businesses that hire new employees, increase work hours for current employees or raise salaries.

S. 2955, unveiled Tuesday, would give businesses a tax credit equal to 15 percent of the increase in their eligible payroll in 2010, and 10 percent in 2011, based on a proposal prepared by the Economic Policy Institute that would create...
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