Speaker. I am today introducing a bill that would encourage private industry to hire these hardcore unemployed. Under this bill a determination would be made of the hardcore unemployed and they would be issued a green card. Businesses. large and small. would be encouraged to hire these unemployed persons. For the first 6 months an employer would be allowed a 75percent credit. 50 percent for the next 6 months and 25 percent for the next year. An employer would be limited on the number of such persons he could hire and could not substitute green card employees for existing employees. This legislation is patterned after the law that allowed tax credits for investments in new equipment by businesses. I believe this bill would be a step forward toward meeting the problem of locating jobs for our permanently unemployed and would help to make them selfsupporting.
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