The New Jobs tax credit was a tax credit policy created as part of the 1977 stimulus package enacted by the Carter administration and was in effect through 1978. The tax credit acted as a form of wage subsidy by granting employers a tax credit for making new hires.
The New Jobs tax credit was a tax credit policy created as part of the 1977 stimulus package enacted by the Carter administration and was in effect through 1978. The tax credit acted as a form of wage subsidy by granting employers a tax credit for making new hires.
Source: Wikipedia "New Jobs tax credit" · CC BY-SA 4.0
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