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House passes jobs bill despite doubts

March 5th, 2010
Categories: News, Economic

Link: http://www.guardian.co.uk/world/feedarticle/8975105

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.

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