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.