Source: Don Lee, Los Angeles Times ( Free Registration )

Acting quickly on a pledge in his State of the Union address, President Obama today will unveil a proposal to give a tax credit of up to $5,000 to companies for every new employee they add to their payrolls this year.

A separate measure would offset the additional Social Security taxes that employers pay for boosting wages or hours of existing workers.

Read Full Article: Obama seeks tax credits for companies that hire new workers