yesterday we were again thwarted in our attempts to take another important step in supporting our Nation's economic recovery. in 2009, we passed the American Recovery and Reinvestment Act, which provided a much needed jump-start to get our economy going again, save and create jobs, and make critical investments in our infrastructure. In March of this year, we passed the HIRE Act, which has been providing businesses with tax incentives to hire out-of-work Americans. Just Monday, President Obama signed the Small Business Jobs Act into law, which will provide support and relief to small businesses and lay the groundwork to help these businesses create up to 500,000 jobs. Yesterday, Republicans blocked consideration of the Creating American Jobs and Ending Offshoring Act, which would have supported our Nation's manufacturing sector by encouraging American companies to bring jobs back to America. Even though we have been witnessing a growth in private sector jobs, we are still struggling to prevent the loss of good jobs. The Creating American Jobs and Ending Offshoring Act would provide a tax break to companies that bring jobs back to the United States, in the form of relief from the employer share of the Social Security payroll tax.
Editor's note · Context
The speaker discusses efforts to support economic recovery and job creation, highlighting recent legislative actions.
Share
More from Jack Reed
I will not. But this is not the way the bill works. If you review the specific page and line that Senator Lee has referenced, page 14, line 15, and just look a few lines further in that same direction--specifically page 15, line 6--the…
I rise today to recognize Vice Admiral Nancy Hann upon her retirement from the National Oceanic and Atmospheric Administration after nearly 30 years of distinguished service to our Nation. Vice Admiral Hann's career reflects the highest…
If there’s anyone in the country who demands more attention, it’s the president, and I think that behavior is very dangerous to the court and to the whole system.





