February 22nd, 2010
07:22 PM ET
4 years ago

Senate takes up jobs bill

New York (CNNMoney.com) - The Senate voted Tuesday to begin considering a $15 billion jobs creation bill that would give businesses a tax break for hiring the unemployed.

The 4-prong bill would:

-Exempt employers from Social Security payroll taxes on new hires who were unemployed;

-Fund highway and transit programs through 2010;

-Extend a tax break for business that spend money on capital investments
like equipment purchases;

-Expand the use of the Build America Bonds program, which helps states
and municipalities fund capital construction projects.

Five Republicans - including newly elected Senator Scott Brown, R-Mass. reached across the aisle to approve the procedural measure, which passed by a 62-30 vote. One Democrat did not support it.

A final vote on the bill should take place in a few days.

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Filed under: Congress • Jobs
soundoff (28 Responses)
  1. svscnn

    Now would ya look at that. Republicans gettin' on board with that whole change thing. Does my lil' ol' heart good.

    Now, if they'd just vote themselves into term limits...

    February 22, 2010 11:47 pm at 11:47 pm |
  2. svscnn

    Okay. So far so good Senator Brown. And Kudos to the other four Republican Senators for their own part in doing the right thing as well.

    As a lifelong Independent, I obviously hate partisan politics. So, I've always got an eye out for those who reach across the isle when they are in genuine agreement, regardless of their "party's" wider stance (pun intended). And nothing pisses me off more than a filibuster – by either party. I'd rather see an idea voted down on its own merits than languish away into oblivion without ever coming to a vote. These Senators sure do work awfully hard to avoid doing the actual work we put them in office for.

    February 22, 2010 11:48 pm at 11:48 pm |
  3. jules sand-perkins

    I think that President Obama will be pleased to see this initiation of phasing out Social Security.
    Most senior citizens are unlikely to vote for the President again. They may not vote at all, being too busy getting their hip replacements before that procedure is replaced by pain management as the President suggested.

    February 23, 2010 07:46 am at 7:46 am |
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