Martin O'Malley

Martin O'Malley's policies onJobs & Economy

Restore and double the New Markets Tax Credit

Many low-income neighborhoods can have a hard time attracting the new businesses and jobs they need to make their economies stronger. The New Markets Tax Credit program addresses this problem by encouraging businesses to invest billions in areas with high unemployment and poverty, helping create 750,000 much-needed jobs over 10 years. Unfortunately, Congress recently let the tax credits expire. O’Malley will urge Congress to make New Market Tax Credits permanent, and to double this critically important program.

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