Obama announces $33 billion hiring tax credit for jobs

President Obama announced today a proposal to establish a $33 billion tax credit to encourage small businesses to hire more workers and increase wages.

The plan is one of several the president is pushing to help bolster employment in a country where one in 10 Americans no longer receives a paycheck.

President Obama ties to convince a skeptical public that more jobs are coming.The announcement comes two days after the president’s first State of the Union address, when he said that jobs must be the U.S.’s top priority this year.

ABC News