News in the US: Senate takes up jobs bill
February 23, 2010
News in the US reports that on Monday the Senate voted to push forward a $15 billion jobs creation bill which would provide businesses a tax break for hiring the unemployed.
Five Republicans including Sen. Scott Brown who is newly elected, R-Mass reached across the aisle to endorse the formal procedure, which passed by a 62-30 vote. One Democrat did not support it.
The 4-prong bill would:
*Exempt employers from Social Security payroll taxes on new hires who were unemployed;
*Fund highway and transit programs through 2010;
*Extend a tax break for business that spend money on capital investments like equipment purchases;
*Expand the use of the Build America Bonds program, which helps states and municipalities fund capital construction projects.
Posted by Angelia Kates · Filed Under US News
