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House passes jobs bill
- March 4th, 2010
- 14 Comments
After a lot of sound and even more fury, the House of Representatives finally passed a $15 billion jobs bill. (Yes, billion.) The bill has been debated, criticized, lauded, feared, analyzed and everything else you can possibly do to a bill. The final vote was 217-201.
Some critics (in the House and in the general population) feel the bill is unnecessary. Others think it doesn’t do enough. Many observers feel it’s close but not perfect. And some people actually like it. What’s all the fuss about? Well, here are some of the highlights of the bill to give you an idea of what the Senate needs to approve next week before anything else happens (via AP):
The $100 billion-plus bill would extend unemployment assistance, revive a bevy of expired tax breaks, help states with soaring Medicaid costs and prevent doctors from having to absorb big cuts in Medicare payments. The popular initiatives are traditionally extended on a bipartisan basis for brief periods of time, which hides their long-term costs.
First, [the jobs bill] would exempt businesses hiring the unemployed from the 6.2 percent Social Security payroll tax through December and give them an additional $1,000 credit if new workers stay on the job a full year.
Second, it would extend highway and mass transit programs through the end of the year and pump in $20 billion for the spring construction season. The money would make up for lower-than-expected gasoline tax revenues.
You’ll be hearing more about this in the coming days, weeks and months. If you love it or hate it, I think we can all agree that hopefully positive results will come from this.
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About Anthony Balderrama
Anthony Balderrama writes about hiring trends, workplace issues and job search tactics for CareerBuilder.com and its blog The Work Buzz. He was born and raised in Dallas (115° degrees isn’t hot!) before moving to Chicago (-23° isn’t cold!). He studied creative writing, therefore everything he writes is usually cut in half once he realizes he spent 400 words just on the intro. He knows that looking for a job and dealing with co-workers are not always fun activities, and reading about them is even less thrilling. That’s why he’ll take any opportunity he can to mention his favorite TV show or band in an article. Basically Anthony’s doing whatever he can to avoid hate mail.
Hi! This would be Wounderful, It would be nice M. Wage would go up, It has been a long time.
It would be wounderful, few $s More. You SEE, The Gas Prices keep going up, Plus Food, It would help people spend MORE also. So Keep that in Mind. Most of All We Need MORE JOBS That pays Very well in the USA.,It would be wounderful, Not have to work 3 or 2 JOBS. Most of all if the M. Wages go up, Do not raise Gas prices also Food prices So Please Keep this in Mind.Most of all the Small towns, need More Jobs also. ... Thank U Very Much Sandy T
Mercer, PA.
I’m looking for some advice from some more seasoned workers who have the experience to know. I am 25 years old with a trade certificate in Information Technology from a vocational high school in 2003 and havn’t used it since. I worked a few automotive jobs as an uncertified mechanic and parts counter sales for little pay but I loved what I was doing. When I was 20 I fell into a job as a Drop Forge Operator in a factory forging steel which I have been at for 5 years. It’s a union job, 1’st shift, making $17.41/hr plus overtime, health/dental/life insurance, 2 weeks vacation, matching 401k & a pension. Plus it’s a relatively low stress job and I love my boss. My dilema is my job does have a lot to offer but there are not many factories in my area with Drop Forge Machinery and I don’t have any other skills. I fear that if my company eventually closes or outsources that I will find myself older and unskilled making it very difficult to find a good job. Especially as I get older as I know age discrimination is all over the place. Should I get into a new line of work while I’m young enough and most likely take a hit in pay and benefits so I can have a more secure career or should I just take the $$$ now, build up my pension, and worry about it when it happens? I have considered night classes, however if I stay at my current job for too many years my training will be outdated (like my IT cert) so there is no point if I stay at my job. What would you do? If you would like to help with some advice, please e-mail me at my1990cavalier@hotmail.com with “looking for career advice” in the subject line so I know it’s not spam. Thank you very much
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- Companies hiring this week
- 25 best-paying jobs for women
- Do you know how to deal with a ‘work spouse’?
- Survey reveals 61 percent of US workers satisfied with current job
- 7 behind-the-scenes jobs at the Academy Awards
- America at age 24: An education and employment snapshot
- Could your cube mate be your soul mate too?
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[...] the rest here: House Passes Jobs Bill Share and [...]
[...] weeks ago the House passed the bill, and then it went to the Senate. Yesterday, the Senate passed the bill, 68-29. (If you want to see [...]
[...] weeks ago the House passed the bill, and then it went to the Senate. Yesterday, the Senate passed the bill, 68-29. (If you want to see [...]
[...] weeks ago the House passed the bill, and then it went to the Senate. Yesterday, the Senate passed the bill, 68-29. (If you want to see [...]
[...] weeks ago the House passed the bill, and then it went to the Senate. Yesterday, the Senate passed the bill, 68-29. (If you want to see [...]
[...] House passes jobs bill After a lot of sound and even more fury, the… [...]
[...] House passes jobs bill After a lot of sound and even more fury, the… [...]
[...] House passes jobs bill After a lot of sound and even more fury, the… [...]
[...] House passes jobs bill After a lot of sound and even more fury, the… [...]
[...] House passes jobs bill After a lot of sound and even more fury, the… [...]
[...] House passes jobs bill After a lot of sound and even more fury, the… [...]
[...] House passes jobs bill After a lot of sound and even more fury, the… [...]