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On March 18, President Obama signed a $17.6-billion jobs package, the Hiring Incentives to Restore Employment - HIRE Act. The new law provides a payroll tax exemption for businesses that hire workers who have been unemployed for 60 days or more and an extension of 2008 and 2009 expensing thresholds to $250,000 for qualified capital expenditures, such as new equipment.
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