| For immediate release March 4, 2010 |
Contact: Erin Donar
202-225-3611
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| Kildee Votes to Put Americans Back to Work |
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| WASHINGTON, DC – Today, Congressman Dale E. Kildee (D-MI) voted in favor of H.R. 2847, the Hiring Incentives to Restore Employment (HIRE) Act. This legislation is expected to save and create hundreds of thousands of jobs this year by spurring small business and other private sector hiring and making investments to improve our infrastructure. While this legislation is not as comprehensive as the Jobs for Main Street Act that the House passed in December, today’s legislation includes critical measures that will help put American people back to work as Congress continues to work to revitalize the economy. This legislation is expected to pass the Senate shortly and then go to the President for signature. “My number one priority has always been and continues to be creating good jobs for the hardworking people of Michigan. This legislation is expected to create hundreds of thousands of jobs this year, bringing important economic opportunities to families in our communities,” said Congressman Kildee. “During these difficult economic times, we must do everything possible to get our economy back on track. This legislation is a critical step, but I will continue to work with my colleagues on additional measures to create jobs in our country.” H.R. 2847, the Hiring Incentives to Restore Employment (HIRE) Act includes: • Payroll Tax Exemption. Provides businesses with an exemption from Social Security payroll taxes for every worker hired in 2010 who has been unemployed for at least 60 days. The longer that a business has a new qualified worker on its payroll, the greater the tax benefit. Businesses receive an additional $1,000 tax credit for every new employee retained for 52 weeks. • Small Business Expensing. Extends Recovery Act provisions that double the amount small businesses can immediately write off their taxes for capital investments and purchases of new equipment made in 2010 from $125,000 to $250,000. This will help small business make the investments they need to grow and hire more workers. • Transportation Extension. Extends surface transportation programs through December 31, 2010 to provide states and localities with the certainty they need to make decisions on capital-intensive projects and allow for billions more to be invested in infrastructure throughout the United States. • Measures to Strengthen the Highway Trust Fund. Transfers approximately $20 billion from the General Treasury to the Highway Trust Fund (HTF), as the HTF is estimated to run short of funds in June. |
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