Home » NEWS » Senate passes new-hire bill

Senate passes new-hire bill

WASHINGTON — The U.S. Senate has passed a bill aimed at boosting job growth by giving tax breaks to businesses that hire the unemployed.

The move marked a rare legislative victory for President Barack Obama, who has had to watch other domestic legislative priorities such as health care overhaul and a climate change bill stall. It passed Wednesday by a bipartisan 70-28 and now goes to the House of Representatives, which passed a far more ambitious version in December.

Econmists says the tax breaks could create perhaps 250,000 jobs.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*