Va. congressman says it's unlikely GOP will support tax credits for firms that create jobs
Oct 15, 2009 at 12:00 AM
The Hill is reporting that Republicans are unlikely to endorse a tax credit for businesses that create jobs. At least that's what the second-ranking House Republican said Wednesday.House GOP Whip Eric Cantor (Va.) said he was fairly certain a GOP working group on the economy would not include such a tax break in its recommendations.“We don’t think that’s the right way to go about putting small business back into the game of investing and creating jobs,” said Cantor, who will meet with the GOP group on Thursday.The talk on the tax credit has centered on the idea of providing money to businesses based on their hires. During the 2008 campaign, President Barack Obama proposed a tax credit of $3,000 for each new job created by a business.Read the full report at The Hill's Web site.