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Howard (1997) provides a useful guide to the historical and political precedents of tax expenditures with social policy objectives, including the targeted jobs tax credit ( 280C(a) provides that the taxpayer's deduction for wages paid be reduced by the targeted jobs tax credit. For example, the Targeted Jobs Tax Credit (now called the Work Opportunity Tax Credit) had positive impact on employment of people with disabilities (Hollenbeck, 1986). |
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