March 4th, 2010
05:24 PM ET
5 years ago

Job creation bill heads back to Senate

New York (CNNMoney.com) - Lawmakers' efforts to spur job creation were delayed once again Thursday after the House amended a $15 billion Senate bill before passing it.

The amendments mean the Senate must again approve the four-prong measure, this time with no changes, if President Obama is to sign it into law. The Senate may not take up the legislation until next week.

The 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, such as equipment purchases; and expand the use of the Build America Bonds program, which helps states and municipalities fund capital construction projects.

However, the House added two provisions to pay for the infrastructure spending and corporate tax breaks. Its amendments require foreign financial institutions to give the Internal Revenue Service more information to help it catch tax cheats, and delays a tax break for foreign interest payments. The measure passed by a 217-201 vote.

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soundoff (35 Responses)
  1. j

    Quite frankly, it's not enough but I hope they pass it because every little bit helps.

    March 4, 2010 08:10 pm at 8:10 pm |
  2. j

    For those who think "Obama is trying to bankrupt us"... the Dems don't have to, it was already done by the REPUBLICANS who passed those two tax cuts for the wealthy at the expense of the majority of Americans, AND created the HUGE deficit. It you want to blame someone, blame the REPUBLICANS. The Democrats are trying to spur employment and job growth to help grow the economy to get us out of this mess. Other than fearmongering, what have the Republicans done lately? Nothing.

    March 4, 2010 08:14 pm at 8:14 pm |
  3. BeverlyNC

    Can you believe Republicans are even blocking a JOBS bill??

    They are no friend to working Americans and should never be trusted to do what is right for the People.

    Beware of all the nasty, false, fear-filled ads coming soon from Republicans for the November elections. They know they are in deep trouble for doing NOTHING for the People all year, for being obstructionists and voting NO on everything regardless who it hurt. If a Republicans says it – you better go do a fact check – because their reputation is now being hypocritical liars.

    If Republicans won't even help working Americans by passing a great Jobs bill – then do you think they are going to do anything important to help you????? They are your ENEMY and only support CORPORATIONS/BANKS/INSURANCE COMPANIES.

    March 4, 2010 08:45 pm at 8:45 pm |
  4. Randolph Carter, I'm no expert, but....

    "Here's a great job creation bill:
    cut taxes for businesses and individuals immediately. If we have money, we will spend it and hire people!"

    ... in China. Nice try, though. Have a nice day!

    March 4, 2010 09:06 pm at 9:06 pm |
  5. JON

    For all the RIGHT how do you think we got here???? Check history is was the REPUBS great ideas. Like the BUSH tax cuts for the rich which you and I have to pay for , Prescription drug program Bush again you and i have tp pay for , 2 wars which we did not need to fight,,just ask Karl Roe his book just came out and he said that they had to use WMD lie or Bush would never had been able to sell it the the American people. And check out how the tax cuts got voted in. If you only get your history from FOX news then who really is the kool-aid drinkers. Your group put us in this mess and now the we have to clean it up all you can do is call us un-American . Grow-up

    March 4, 2010 09:23 pm at 9:23 pm |
  6. m smith

    Gee how many of you guys are unemployed??? guess that might make a difference.

    March 4, 2010 09:37 pm at 9:37 pm |
  7. JOE

    Where is Obama and his big mouth??????

    March 4, 2010 09:56 pm at 9:56 pm |
  8. JOE

    Let Obama pay for this out of his own pocket...And tell Michelle to get off her big fat butt and get a job to support the 22 servants to get her on TV.. And comic books telling every one else how to live..

    March 4, 2010 10:02 pm at 10:02 pm |
  9. Watchdog

    Let's see...Bunning gets criticized for delaying the bill 2 days.....the house delays it 2 weeks to stick in some pork....no criticism
    IS IT NOVEMBER YET?

    March 4, 2010 10:13 pm at 10:13 pm |
  10. m smith

    the person who refers to any one backing our president a cool aid drinker is just a racist in disguise. The president is President Obama. If you can't show any respect for the office. Just shut up! I like the 2 amendments added to the bill but when you are unemployed any hold up hurts. This effects Cobra benifits also. Well Daniel it looks like a lot of people forgot about our tax break and now think we are being taxed more. Just what Fox whould have you believe.

    March 4, 2010 10:23 pm at 10:23 pm |
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