DeGette Votes For Job Creation
"It is vitally important that we continue to support job creation. In February 2009, I voted for the American Recovery and Reinvestment Act in order to support ailing state budgets, make critical investments in energy, health, and broadband technology, and save much-needed jobs. The HIRE Act builds on the success of the Recovery Act by encouraging job creation and investments in infrastructure. Getting Americans back to work will continue to be one of my top priorities."
The $15 billion HIRE Act includes a payroll tax holiday for businesses that hire unemployed workers, to create some 300,000 jobs, and an income tax credit of $1,000 for businesses that retain these employees. Further, it includes tax cuts to help small businesses purchase equipment that supports hiring new workers, an extension of the Highway Trust Fund allowing for tens of billions of dollars in infrastructure investment, and expands the popular Build American Bonds program which Colorado has effectively used to finance infrastructure projects.
The House did make some minor changes to the Senate legislation to ensure that the bill does not add to the budget deficit, that small businesses can take advantage of the payroll tax holiday, and increase the bond subsidy for states.