On the recordFebruary 22, 2010
Mr. President, later this afternoon, the Senate will consider a piece of legislation to try to create some jobs. I understand that the Federal Government, by passing legislation, doesn't automatically create jobs, although it can in some circumstances. For example, a summer youth program can put some kids to work in the summer if the Federal Government or State government sponsors it. By and large, the private sector creates jobs. This piece of legislation this afternoon is a payroll tax exemption-- trying to encourage small- and medium-sized businesses that are ready to expand and capable to expand--giving them extra incentive to hire people and put them back to work. Section 179, business expensing, is another incentive to business. The highway trust fund extension--we know building highways puts people to work almost instantly. We have plenty of backlog in highway and bridge repair. This is a piece of legislation that will put people back to work and create the incentives for companies--whether it is highway contractors or small- and medium-sized businesses--to hire those employees. Why is that important? Because we have probably somewhere around 25 million people today who wake up without a job. The hard-core unemployment, as known in the statistics, is about 17 million people. But 20 million to 26 million people are effectively unemployed in this country. They woke up this morning wanting a job and looking for a job but cannot find a job.…





