House Passes Two Job Creation Bills
Congresswoman Lucille Roybal-Allard (CA-34) made the following statement today about HR 4849, the Small Business and Infrastructure Jobs Tax Act.
With the congresswoman's support, the Small Business and Infrastructure Jobs Tax Act passed the U.S. House of Representatives today by a vote of 246 to 178. The legislation is part of a series of measures passed this Congress to create jobs and revive the economy.
"Getting people back to work remains a top priority for this Congress," said Congresswoman Lucille Roybal-Allard. "The Small Business and Infrastructure Jobs Tax Act is one of a series of measures focused exclusively on job creation and strengthening the economy. This legislation includes bipartisan provisions to spur investment in local construction projects, including schools, sewers, hospitals and transit systems. The measure also includes tax incentives to encourage small business creation and investment."
The House also passed today a separate piece of legislation to create 300,000 summer jobs for youth ages 16 to 24 through summer employment programs. This age group has some of the highest unemployment levels, 25% for those aged 16 to 19. This funding will allow local Workforce Investment Boards (WIBs) to expand successful summer jobs programs that were funded in the Recovery Act. In addition, this legislation extends the Recovery Act small business lending program for a month, which has already helped save or create over 560,000 jobs.
Passage in the House of both job-creating measures is part of an ongoing effort by Congress to help our nation's struggling communities and families cope with this recession.
Other job creation efforts include:
* Enactment of the bipartisan HIRE Act. The law provides tax incentives for businesses to hire out of work Americans and is estimated to create up to 300,000 jobs;
* Enactment of the Recovery Act, which has already saved or created more than 2 million jobs;
* Enactment of health insurance reform this week, which is expected to create up to 4 million jobs in this country over this decade.