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House Passes $15B Jobs Bill

Measure offers tax breaks for making new hires

By the Associated Press

Posted Mar 4, 2010 4:01 PM CST

(AP) – The House today passed a $15 billion jobs bill that gives tax breaks to companies that make new hires. The scaled-down measure passed 217-201 on a mostly party-line vote and now heads back to the Senate. The bill also includes $20 billion for road and bridge construction.

Democrats characterized the bill as much smaller than they would have liked but as a necessary first step. "If that's the only thing that I can vote on ... I'll vote for it, obviously," said Rep. Bill Pascrell. "We've got to get something moving. We've got to get something done."

In thie Feb. 25, 2010 photo, Chicago area residents wait in line to enter a job fair in Chicago.
In thie Feb. 25, 2010 photo, Chicago area residents wait in line to enter a job fair in Chicago.   (AP Photo/Charles Rex Arbogast)
Participants wait to enter a jobs fair in New York City.
Participants wait to enter a jobs fair in New York City.   (AP Photo/Mark Lennihan)
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COMMENTS
Showing 3 of 22 comments
truefreedom
Mar 5, 2010 1:53 AM CST
This is only a temporary solution to much deeper problem and that is this country lacks enough Gross Demestic Product to support itself, that will create jobs/careers and turn the economy around.
BackAgain
Mar 5, 2010 12:34 AM CST
How are you going to pay for it?
davomax
Mar 4, 2010 11:56 PM CST
Everyone that asks "how will we pay for this" think about the highway system, electrical grid, the Social Security that our parents and grandparents enjoy or the Nation Park system. Guess what, I'M PAYING FOR IT!! And frankly I'm glad the old timers saw fit to get those projects underway. Left up to these Repubs we'd still be reading by candle light and driving on dirt roads. I figure that our "children and grandchildren" might have to pay for something that may do them some good in the future, just like I'm probably still paying for some of the things that I benefit from. If the whole system collapses, we'll all be out of work and on food stamps, that is unless the Repubs vote to deny us that too.

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

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