The House Ways and Means Committee approved Gov. Martin O’Malley’s proposal to reward businesses for hiring unemployed workers, despite a Republican attempt to change the tax credit into a much bigger tax cut.
The committee amended their version of the governor’s bill to mirror the plan passed by the Senate, which increased the credit from $3,000 to $5,000 per worker. The committee also added language stating that the intent of the bill is for companies to hire people indefinitely, not just on a temporary basis for the purpose of getting the tax credit.
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