September 23rd, 2010
04:25 PM ET
4 years ago

House OKs small biz jobs bill

New York (CNNMoney.com) - One week after the Senate passed a $42 billion bill aimed at helping small businesses, the House voted Thursday to send the bill to President Obama's desk.

The measure, which passed the House in a 237 to 187 vote, is aimed at creating 500,000 jobs, according to a Senate summary of the bill. The Small Business Jobs Act also is intended to make credit more available for Main Street and enacts about $12 billion in tax breaks.

The president will sign the bill into law on Monday.

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Filed under: Economy • House of Representatives • issues • Jobs
soundoff (6 Responses)
  1. vic, Nashville TN

    about time

    September 23, 2010 04:32 pm at 4:32 pm |
  2. Eric

    Ahhh, stimulus 4.0!
    Like a dog eating and vomiting the same pile, over and over and over and over.

    What good does it do anyone to "make credit available" to small busines owners who WILL NOT take out new debt?

    No business owner in his right mind would take on more debt, take out more loans or hire anyone right now. These people simply do NOT trust the government. They are afraid to take risks right now because they're afraid the government will come along in six months and change the rules on them. And who can blame them?

    The Obama administration and its policies are one gigantic "economic uncertainty machine."

    The economy will NOT improve until there are more jobs... jobs won't return as long as there is this much uncertainty... uncertainty won't go away as long as Obama and his Marxists are in office.

    September 23, 2010 04:41 pm at 4:41 pm |
  3. Larry

    Eric, you don't understand business....you need to go read or talk w/a small business owner. Tax breaks and the availability of funds (loans) are critical. That is why most small business owners are for this bill. Just because you don't like the administration, does not make what they are doing bad. Get educated!!!!!

    September 23, 2010 04:53 pm at 4:53 pm |
  4. Eddieb

    yep there right we need jobs so lets keep the people that lost million jobs out of office and keep moving forward. the only marxists are the ones that will vote to spend billions of dollars on a war that was based on a lie. then fight every move to help the american tax payer when we need it extend the unemployment keep ssi and help the middle class. with tax breaks. and give small buisness a break.

    September 23, 2010 05:14 pm at 5:14 pm |
  5. Rick McDaniel

    More squandered billions, that will accomplish nothing.

    September 23, 2010 05:30 pm at 5:30 pm |
  6. Me

    Keep pushing. Keep fighting. keep working past the hate, past the fear and beyond the lies.

    September 23, 2010 05:33 pm at 5:33 pm |