Business

Senate OKs Jobs Bill for Obama's Signature

The Economic Times
WASHINGTON -- The US Senate is sending the first of several promised election-year jobs bills to President Barack Obama for his signature. It would provide a temporary payroll tax holiday to companies that hire and would pump $20 billion into the federal highway construction fund to make up for low gasoline tax revenues. Critics argue that it is not the job-creating engine Democrats have advertised. The bill was passed Wednesday on a bipartisan 68-29 vote. Democrats promise additional jobs legislation.
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Posted by Editor at March 18, 2010 02:34 AM