Broken: Barack Obama Campaign Promise No. 505:

PROMISE: Create a $3,000 tax credit for companies that add jobs

"During 2009 and 2010, existing businesses will receive a $3,000 refundable tax credit for each additional full-time employee hired."

UPDATE: $3,000 tax credit not in stimulus bill, no future action seen

The credit was never part of the stimulus legislation as far as we saw, and it was not included in the American Recovery and Reinvestment Act of 2009, which Obama signed into law on Feb. 17, 2009. Likewise, we see no indication that this idea might re-emerge. So for now, we rate it Promise Broken.

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