Hire Act Benefits - List of Positives of Law

Positives


DatePositive Result\BenefitBeneficiaryRank
03/18/10Offsets costs through a 30 percent withholding tax on income from certain U.S. financial assets held by foreign banks who have not agreed to disclosures.Unemployed
03/18/10Encourages job creation by expanding investments in schools and clean energy projectsUnemployed
03/18/10$20 billion to the highway trust fund for spending on highway and transit programs.Unemployed
03/18/10 $17.5 billion in tax cuts, business credits and subsidies for state and local construction bonds to stimulate business investment and hiringUnemployed & Businesses
03/18/10Tax credits to employers who keep new hires for 52 weeks to encourage retention of new hiresUnemployed & Businesses
03/18/10Social Security payroll tax credits in 2010 for employers that hired people who have been unemployed for 60+ daysUnemployed & Businesses