TODAY'S PAPER
81° Good Afternoon
81° Good Afternoon
Long IslandPolitics

House passes tax credit for hiring unemployed workers

Job searchers wait in line during a career

Job searchers wait in line during a career fair on Feb. 5, 2010. Photo Credit: Getty Images

WASHINGTON - The House has passed a bill awarding tax breaks to companies that hire unemployed workers.

It’s the first of several job-creation bills promised by Democrats, but many lawmakers questioned whether it’ll actually spur much hiring.

The bill passed Thursday is far smaller than the jobs measure that passed the House in December. It would exempt businesses hiring the unemployed from having to pay the 6.2 percent Social Security payroll tax. It also extends federal highway programs through the end of the year.

Critics of the measure said few businesses would base hiring decisions on the new tax cut.

The Senate passed an almost identical bill last week but must act on the measure again because of slight changes in the legislation before it can be sent to President Barack Obama to sign it into law.

Comments

We're revamping our Comments section. Learn more and share your input.

Latest Long Island News