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Another proposal would give businesses a tax credit equal to a percentage of any expansion in their payrolls.
In 1998, the Canadian government instituted a tax credit, equal to 11percentt of labor costs, to encourage film and video production.
To help low-income families in particular, Mr. Obama would give a "Making Work Pay Credit" equal to 6.2percentt of a worker's first $8,100 in wages.
It's delivered in the form of a refundable tax credit equal to 10percentt of the home price, up to $7,500.
When the tax credit is fully implemented by 2003, each family will receive a credit equal to 20percentt of its federal tax credit, up to $800.
To qualify for the money, companies had put up 70 percent of a project's cost, in exchange for a tax credit equal to 30 percent.
Similar(14)
New Market Tax Credits is a Treasury Department program that promotes investment in low-income neighborhoods by providing tax credits equal to 39 percent of qualified investments in those communities.
The program, which is intended to encourage development around nine cities, offers tax credits equal to 100 percent of some capital investments.
That is, at the beginning of each year, a student could opt for service, and in return he or she might get credits equal to one class period.
The law authorized tax credits equal to 65percentt of the amount paid for health insurance by people who lose their jobs because of increased imports.
These so-called advanced diesels would be eligible for tax credits equal to those in the bill for alternative-fuel vehicles and gas-electric hybrids.
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