Question: What do you think of the Jobs Bill?

Posted on | March 1, 2010 | No Comments

The new Jobs Bill that just passed the Senate.  Here are it’s key offerings:

• Employers who hire workers who have been unemployed 60 or more days are exempt from paying their portion of Social Security payroll taxes through December, and earn an additional $1,000 tax credit per worker if the worker remains employed for 1 year

• It renews highway programs funds through December and gives an additional $20B to the highway trust fund.

What the bill does not do is extend unemployment benefits for the long-term unemployed.  In fact, if Congress doesn’t pass a temporary benefits extension, 1M+ unemployed people currently receiving jobless benefits will lose them today.

What do you think of the Jobs Bill?  Will it stimulate hiring?  Should it include a benefits extension?

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