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March 5, 2010

House OKs $15B Jobs Bill
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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.



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