Jobs Bill Poised To Clear Senate, Head To Obama

[babylonsister]

Jobs Bill Poised To Clear Senate, Head To Obama

ANDREW TAYLOR | 03/17/10 03:21 AM | AP


WASHINGTON — Companies that hire unemployed workers get a temporary payroll tax holiday under a bill headed for likely Senate passage Wednesday.

A positive vote would send the legislation to the White House for President Barack Obama's signature.

It would be the first of several election-year jobs bills promised by Democrats to be enacted into law, though there's plenty of skepticism that the measure will do much to boost hiring.

The bill contains about $18 billion in tax breaks and a $20 billion infusion of cash into highway and transit programs. It would exempt businesses that hire the unemployed from paying the 6.2 percent Social Security payroll tax through December and give employers an additional $1,000 credit if new workers stay on the job a full year. Taxpayers would reimburse Social Security for the lost revenue.

It would also extend highway and mass transit programs through the end of the year and pump in $20 billion in time for the spring construction season. That money would make up for lower-than-expected gasoline tax revenues.

more...

http://www.huffingtonpost.com/2010/03/17/jobs-bill-poised-to-clear_n_502080.html

[Clio the Leo]

1. "Jobs!? Why is he focusing on JOBS! Why isn't he doing anything about unemployment!!!?"

Cant wait to see how the GOP spins this one.

[SoFlaJet]

4. We should let every republican in those states know

that senator so and so voted WITH the democrats and tell them to put up a tea bagger to primary them

[Jennicut]

2. I was worried it wouldn't make it out of the Senate, good news.

[Cha]

3. ..

:bounce::fistbump: