Advertisement

Archive for Friday, March 5, 2010

House passes tax breaks for new hires

March 5, 2010

Advertisement

— Despite doubts among many lawmakers that it will create many jobs, the House on Thursday passed legislation giving companies that hire the jobless a temporary payroll tax break.

The measure passed 217-201 on a mostly party-line vote. The bill also extends federal highway programs through the end of the year.

Some Democrats feel the approximately $35 billion jobs bill is too puny, while others say the tax cut for new hires won’t generate many new jobs. However, the pressure is on to address jobs and deliver a badly needed win for President Barack Obama and a Democratic Party struggling in opinion polls and facing major losses in the upcoming midterm elections. Further jobs measures are promised.

Comments

Use the comment form below to begin a discussion about this content.

Commenting has been disabled for this item.