Senate passes new-hire bill
Published: February 24,2010
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.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- ASA postmortem: industrial recruiting is a constant cycle of death and life
- Ex-prison boss and businessman admit to bribery scheme
- MBJ Business Woman of the Year Top 10
- JOSH MABUS — Inbound marketing is fueled by wishful thinking
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- Meet the MBJ's Businesswoman of the Year — Rosemary Smith, a business hotshot
- (UPDATED — BREAKING NEWS) American Specialty Alloys won’t locate $1.2B mill in Mississippi
- DAVID DALLAS — Delbert Hosemann: An unsung hero chooses to remain so
- Prison won’t interrupt ex-prison chief’s retirement cash flow