House passes business tax breaks for new hires
WASHINGTON — Despite doubts among many lawmakers that it'll create many jobs, the House today 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.
"It's really not a jobs bill," said Rep. Barbara Lee, D-Calif. "It's one small piece." Lee said she instead wants money in the legislation for job training and youth summer jobs.
The House had passed a much larger measure in December that contained almost $50 billion in infrastructure funding, $50 billion in help for cash-starved state governments, and a six-month extension of jobless aid.
The Senate responded last week with the far smaller measure that the House is reluctantly accepting.
