U.S. firms are up for tax breaks after 4.5 million new hires

07/12/2010 | CNNMoney

A hiring incentive passed by Congress in March could benefit companies to the tune of $8.5 billion, according to the U.S. Treasury Department. The Hiring Incentives to Restore Employment Act offers payroll-tax exemptions and tax credits to companies that hire employees who have been out of work for at least 60 days. Firms have added about 4.5 million eligible employees since the law took effect, according to a Treasury report.

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