Wednesday, March 3, 2010

U.S. House to vote on modified $15 bln jobs bill

http://www.alertnet.org/thenews/newsdesk/N03111134.htm

Here is their idea of pay as you go.
Interesting


The Senate passed a $15 billion package centered on a tax break for businesses that hire unemployed workers, but the measure has stalled in the House because black lawmakers say it is too paltry and centrists say it would violate budget rules.

Those concerns have been resolved and the House will vote on a modified version of the bill on Thursday, a House Democratic aide said.


The new version would push back a business tax break, which would raise enough money to satisfy the concerns of centrist Democrats, a second House aide said.

The tax break in question would allow businesses to use an alternative method to account for interest paid in foreign countries. It would take effect in 2020 rather than 2019, the aide said.