President Obama is expected to unveil a new round of proposals today as part of his stated efforts to help create jobs. The $33 billion package would provide incentives for hiring workers and raising wages. Businesses would receive a $5,000 tax credit for each worker hired next year, as well as reimbursements on Social Security taxes. On Thursday, Obama told a Florida audience that job creation is his “top priority.”
President Obama: “The worst of the storm has passed. But, I think all of you understand, the devastation remains. One in ten Americans still can’t find work. That’s why creating jobs has to be our number one priority in 2010.”