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Md. Senate passes $5,000 job-creation tax credit

The Maryland Senate on Friday unanimously passed a measure that offers a $5,000 tax credit to companies for workers they hire off the unemployment rolls.

Gov. Martin O'Malley (D) had included a $3,000-per-worker tax credit in his legislative agenda as part of a focus on job creation this legislative session. O'Malley's budget caps the availability of the credit at $20 million.

Republicans have questioned whether the credit will be sufficient to spur hiring by companies struggling to turn a profit. But all 14 GOP members of the Senate joined their 33 Democratic colleagues in voting for the measure Friday.

A similar measure has yet to clear the House of Delegates.

In a statement, O'Malley praised the Senate for its "swift action."

"This bi-partisan effort to help Maryland workers and businesses is much-needed," O'Malley said.

O'Malley's focus on job creation mirrors that of many other governors across the country, as even as some analysts have suggested there is a limited amount they can do.

Separately Friday, Senate Finance Chairman Thomas M. Middleton (D-Charles) announced that a compromise had been reached on another bill of interest to the business community: one that revamps the state's unemployment insurance system.

By John Wagner  |  February 26, 2010; 4:04 PM ET
Categories:  General Assembly , Governor , John Wagner  
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If O'Malley wants to create jobs why does he ignore the thousands of illegal aliens who are working in MD.??!! The number of illegals in MD. is over 250,000 at a cost to the tax payers of 1.4 Billion dollars per year why does he and the legislature turn a blind eye to the problem ???!! If O'Malley wants to be reelected he had better do something about the problem now because the tax payers are tired of supporting O'Malley's illegals !!! ATTRITION THROUGH ENFORCEMENT!!! NOT AMNESTY!!!!

Posted by: Klimax | February 26, 2010 5:58 PM | Report abuse

I'm all for job creation. To add to this article, I feel it is just as important to teach those looking for jobs the basics of applying for jobs. The following article does a great job in outlining the importance.

Posted by: timwalker53 | February 27, 2010 8:02 PM | Report abuse

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