Friday, March 5, 2010

House Passes $35 Billion Jobs and Construction Bill

From the New York Times:
The House on Thursday approved a $15 billion measure intended to spur job creation by granting tax breaks to businesses that hire workers, as Democrats, bracing for new jobless figures, tried to show that Congress was doing something about stubborn unemployment.

Democrats pushed through the measure on a mainly party-line vote of 217 to 201. They characterized the measure, which also funneled an extra $20 billion into road and bridge construction, as just the first step in a broad legislative push to bolster the economy and encourage hiring.

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Though the measure attracted bipartisan support when approved by the Senate last week, House Republicans were dismissive, saying it was cobbled together by Democrats for political purposes and would do little to spur new employment. And many Democrats, even though they backed the measure, considered it far too limited in scope.

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