Lawmakers and economists like the idea of a tax credit for new job creation. A proposal to give a tax credit to companies for hiring is getting support from U.S. lawmakers, as well as former Labor Secretary Robert Reich and Nobel Prize-winning economist Edmund Phelps.
Economists in the Obama administration have been researching the idea for several weeks, but the White House has not formally announced a plan. "There's a lot of traction for this kind of idea," said Rep. Eric Cantor, the Republican whip. "If the White House will take the lead on this, I'm fairly positive it would be welcomed in a bipartisan fashion."
The New York Times
