Statement by the President on the Settlement in the Black Farmers Lawsuit against USDA
From the Office of the Press Secretary
My Administration is dedicated to ensuring that federal agencies treat all our citizens fairly, and the settlement in the Pigford case reflects that commitment. I applaud Secretary Vilsack for his efforts to modernize operations at the USDA, as well as the work of the Justice Department in bringing these long-ignored claims of African American farmers to a rightful conclusion. I look forward to a swift resolution to this issue, so that the families affected can move on with their lives.
PRESIDENT BARACK OBAMA
The settlement agreement reached today, which is contingent on appropriation by Congress, will provide a total of $1.25 billion to African American farmers who alleged that they suffered racial discrimination in USDA farm loan programs. The settlement sets up a non-judicial claims process through which individual farmers may demonstrate their entitlement to cash damages awards and debt relief.
President Obama to Propose New Small Business Jobs and Wages Tax Cut
From the Escorts in Dallas South News Wire (Office of the Press Secretary)
WASHINGTON, DC – Tomorrow in Baltimore, Maryland, President Obama will announce details of the Small Business Jobs and Wages Tax Cut, one of his new proposals to create good jobs in America. In last night’s State of the Union Address, President Obama outlined a series of ways he will fight to create good paying jobs and continue our economic recovery.
One of these proposals, the Small Business Jobs and Wages Tax Cut, will put more Americans back to work by giving businesses – particularly small business – a tax cut for new hiring. The new proposal will also provide tax incentives for businesses to expand wages for their employees.
Through the Small Business Jobs and Wages Tax Cut:
· Businesses will receive a $5,000 tax credit for every net new employee that they employ in 2010. The total amount of the credit for any one firm will be capped at $500,000, to ensure that the majority of the benefit is targeted at small businesses. Start –ups will be eligible for half of the tax credit.
· Small businesses that increase wages or hours for their existing employees will be reimbursed for the Social Security payroll taxes they pay on real increases in their payrolls. This bonus would be based on Social Security payrolls, so it would not apply to wage increases above the current taxable maximum of $106,800.
· Firms will be able to claim the credit on a quarterly basis, which gets money out to businesses quickly and provides and early incentive to hire and increase payrolls.
President Obama to Propose New Small Business Jobs and Wages Tax Cut
From the Escorts in Dallas South News Wire (Office of the Press Secretary)
WASHINGTON, DC – Tomorrow in Baltimore, Maryland, President Obama will announce details of the Small Business Jobs and Wages Tax Cut, one of his new proposals to create good jobs in America. In last night’s State of the Union Address, President Obama outlined a series of ways he will fight to create good paying jobs and continue our economic recovery.
One of these proposals, the Small Business Jobs and Wages Tax Cut, will put more Americans back to work by giving businesses – particularly small business – a tax cut for new hiring. The new proposal will also provide tax incentives for businesses to expand wages for their employees.
Through the Small Business Jobs and Wages Tax Cut:
· Businesses will receive a $5,000 tax credit for every net new employee that they employ in 2010. The total amount of the credit for any one firm will be capped at $500,000, to ensure that the majority of the benefit is targeted at small businesses. Start –ups will be eligible for half of the tax credit.
· Small businesses that increase wages or hours for their existing employees will be reimbursed for the Social Security payroll taxes they pay on real increases in their payrolls. This bonus would be based on Social Security payrolls, so it would not apply to wage increases above the current taxable maximum of $106,800.
· Firms will be able to claim the credit on a quarterly basis, which gets money out to businesses quickly and provides and early incentive to hire and increase payrolls.
Haiti rocked by 6.1 magnitude aftershock
So far there have been no reports of damage related to this morning’s 6.1 magnitude earthquake in Haiti. This underscores why most Haitians are sleeping outside rather than take the chance of being caught in buildings that may be affected by aftershocks.
Old School Friday: Gone but not forgotten
Though many deserve consideration on this weeks OSF theme -Luther, Left Eye, Marvin Gaye, M.J. and many others, I’m dedicating the entire post to Aaliyah. She made so much wonderful music in such a short period of time. Even with 4 videos represented here, I’m still missing One in a Million, Try Again, At Your Best, I Miss You, and more. We were blessed that her talents were gifted to us while she was on this Earth.
We Need a Resolution
Four Page Letter
Rock the Boat
Are you That Somebody (Dr. Doolittle Soundtrack)
BONUS
An “Are you That Somebody Cover” that is quite cool
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