Author Topic: Jobs Bill Passes in Senate With 11 Votes From Republicans  (Read 621 times)

Benny B

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Jobs Bill Passes in Senate With 11 Votes From Republicans
« on: March 17, 2010, 11:28:38 AM »
March 17, 2010
Jobs Bill Passes in Senate With 11 Votes From Republicans
By CARL HULSE

WASHINGTON — The Senate approved and sent to President Obama on Wednesday what Congressional Democrats hope will be the first in a series of bills spurring employment by providing tax breaks and other hiring incentives to businesses.

The measure, approved on a bipartisan vote of 68 to 29, would give employers an exemption from payroll taxes through the end of 2010 on workers they hire who have been unemployed for at least 60 days. It also extends the federal highway construction program and takes other steps to bolster public building projects.

After the vote Senator Charles E. Schumer of New York praised the Republicans who voted for the bill, calling it “a legislative dream.”

“Today is really a turning point,” said Mr. Schumer. “And there are two words that symbolize it — jobs and bipartisan. The American people sent us a message in Massachusetts and elsewhere. It was focus on jobs, the economy, helping the middle class stretch its paycheck. Our answer today: We heard you.”

While 11 Republicans voted for the measure, others in the party were skeptical that it would help create new jobs, or said they were distressed at its cost.

“This isn’t so much a jobs bill as it is a debt bill,” said Senator Judd Gregg, a New Hampshire Republican.

Democrats had hoped to get the measure to the White House weeks ago, to demonstrate to the public that they were responding to the bleak national employment picture. But the measure was slowed in the House by concerns among some Democrats that the bill did not do enough and by procedural obstacles in the Senate.

Even so, there were more than enough supporting votes in the Senate to jump the parliamentary hurdles. Democrats now intend to push ahead with renewing more than $30 billion in corporate tax breaks and providing additional help to small businesses.

Under the bill now heading to President Obama’s desk, businesses that hire workers who have been jobless for at least 60 days will be exempt from paying the 6.2 percent payroll tax on those employees’ earnings until the end of the year. If those workers stay on for a full year, businesses will also get a $1,000 tax credit. (The employee’s pay would still be subject to the usual personal income taxes.) The business tax breaks would add up to about $15 billion in all.

It also provides an extra $20 billion for road and bridge construction and extends the federal highway program through year’s end. The Transportation Department furloughed roughly 2,000 workers earlier this month because of a temporary freeze in the program.
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Benny B

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Re: Jobs Bill Passes in Senate With 11 Votes From Republicans
« Reply #1 on: March 17, 2010, 03:09:46 PM »
BUMP for jobs!
!

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Re: Jobs Bill Passes in Senate With 11 Votes From Republicans
« Reply #2 on: March 17, 2010, 03:11:19 PM »
I guess Scott Brown 2012 isn't sounding so great anymore ???

Soul Crusher

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Re: Jobs Bill Passes in Senate With 11 Votes From Republicans
« Reply #3 on: March 17, 2010, 03:14:25 PM »
BUMP for jobs!

Lets see moron  - $787 Billion Stimulus didnt do squat, but probably made it worse. 

Yet - you and 240 thing $15 Billion is going to work?

Hysterical and pathetic at the same time.  Typical liberal loons.   

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Re: Jobs Bill Passes in Senate With 11 Votes From Republicans
« Reply #4 on: March 17, 2010, 03:17:36 PM »
I didn't say I support the bill dude.  After Obama decided to give the stim money to banks and not businesses, I'm no longer for him spending any more $.


 Only that I thought brown was one of the 11 repubs that supported it?

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Re: Jobs Bill Passes in Senate With 11 Votes From Republicans
« Reply #5 on: March 17, 2010, 03:20:25 PM »
33, since you made me look at it more lol...

So this bill provides tax cuts to businesses that hire new people, as well as to those who expand their businesses.

What part of that do you dislike? 

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Re: Jobs Bill Passes in Senate With 11 Votes From Republicans
« Reply #6 on: March 17, 2010, 03:21:31 PM »
I didn't say I support the bill dude.  After Obama decided to give the stim money to banks and not businesses, I'm no longer for him spending any more $.


 Only that I thought brown was one of the 11 repubs that supported it?


Brown is doing what he has to do.  i said from day 1, so long as he helps kill ObamaCare and & Cap & Trade is is fine by me on anything else. 

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Re: Jobs Bill Passes in Senate With 11 Votes From Republicans
« Reply #7 on: March 17, 2010, 03:25:32 PM »
33, since you made me look at it more lol...

So this bill provides tax cuts to businesses that hire new people, as well as to those who expand their businesses.

What part of that do you dislike? 

Ok I am glad you asked.  This is economics 101.  The issue is not credit - its demand.  Demand for products and services fuel the need for employees, not a tax credit a year later.   A business is not going to hire a new employee based upon a tax credit if he has to carry the salary and costs for a year without demand for the product or services. 

People are not spending money on products and services and have no money to spend on products goods or services other than mortgage, food, energy, etc.  Those companies are ok.  However, the rest are stuck.   

If they want to help the economy, they need to let people have more money in their own products making decisions in the free market.  The same for businesses. 

Does that make sense to you? 

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Re: Jobs Bill Passes in Senate With 11 Votes From Republicans
« Reply #8 on: March 17, 2010, 03:33:39 PM »
good points 33.

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Re: Jobs Bill Passes in Senate With 11 Votes From Republicans
« Reply #9 on: March 17, 2010, 06:47:56 PM »
Right. Why would any business hire any additional workers if there is no consumer demand for their products? These workers that the govt. thinks or says will be hired because of the tax credits provided in the bill are not going to materialize.

This is , again, more govt. artificial bubble blowing unsustainable garbage. Just like the housing tax credit which was used in a desperate attempt to re-inflate the housing bubble, this bill will be used to try and spike employment numbers for a bit. It is a shame that the demand isn't there for businesses to need additional workers.