On the recordFebruary 22, 2010
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.
Source
govinfo.gov




