President-elect Barack Obama reportedly plans to modify several of the tax break proposals that his transition team has been planning for the economic stimulus package after encountering resistance from key lawmakers.
One such proposal would give companies a $3,000 tax credit for every job they create or decide not to cut. Senators John Kerry, D-Mass., and Charles Schumer, D-N.Y., have expressed skepticism about the tax break, according to The Washington Post. Critics have pointed out that companies could easily manipulate their reporting of projected job cuts.
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