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Washington Labor & Employment Wire » Senate Approves $15 Billion Jobs Creation Bill

Senate Approves $15 Billion Jobs Creation Bill

On February 24, 2010, the Senate easily approved a $15 billion jobs bill. The measure passed by a 70-28 vote. Thirteen Republican senators joined 55 Democrats and two Independents to approve the bill. One Democrat, Sen. Ben Nelson, voted against the bill, along with 27 Republicans.

The bill (H.R. 2847) is intended to create jobs, help small businesses grow, and rebuild public infrastructure. According to Sen. Majority Leader Harry Reid (D-NV), the bill is the first part of a multipart “jobs agenda.”

The bill includes a new program that would give companies a break from paying Social Security taxes on new employees for the remainder of 2010. It also includes a one-year extension of the Highway Trust Fund, an expansion of the Build America Bonds program ,and a provision to allow companies to write off equipment purchases.