Ag Secretary says Obama’s jobs plan would help Oregon


U.S. Agriculture Secretary Tom Vilsack told Oregon business leaders that President Obama’s jobs plan would create Oregon jobs.

Share this article!

U.S. Agriculture Secretary Tom Vilsack told Oregon business leaders that President Obama’s jobs plan would create Oregon jobs.

The plan would save the jobs of 4,600 teachers and create 5,500 construction jobs in the state, Vilsack said.

 

The payroll tax cut offered to small businesses, which would reduce their tax to 3.1 percent on the first $5 million in wages, would prod businesses to hire, Vilsack said.

“In the state of Oregon, 90,000 firms will benefit from that tax cut,” Vilsack said. “That will give them the resources and flexibility to potentially consider expanding and additional hiring.”

A major part of the plan is its incentives for businesses to hire the long-term unemployed. Oregon has 100,000 people who have been without work for six months or longer.

Vilsack said businesses would get tax breaks for hiring from that pool. The plan couples those breaks with tax incentives for hiring military veterans.

Read more at The Register-Guard.

{biztweet}jobs plan{/biztweet}

 




Latest from Oregon Business Team