On Capitol Hill, the House has approved a $15 billion jobs bill that would provide tax incentives for hiring new workers. Six Republicans joined with a majority of Democrats to approve the measure 217 to 201. Some progressive Democrats voted against the measure over concerns the bill isn’t big enough and too focused on tax cuts. The Senate passed its version last week but must now hold another vote before President Obama can sign it into law. On Thursday, Democratic Senators Jim Webb and Barbara Boxer introduced an amendment that would impose a 50 percent tax on bonuses above $400,000 at firms receiving over $5 billion in government bailouts.
House OKs $15B Jobs Bill
HeadlineMar 05, 2010