Tags: US | Senate | Jobs | Plan

Senate Democrats Draft $82.5 Billion Jobs Plan

Tuesday, 26 Jan 2010 12:22 AM

Top Senate Democrats have drafted an $82.5 billion "jobs" plan that would help small businesses, boost spending on road construction and mass transit, and give local governments money to retain teachers.

The draft document proposes $20 billion for a job creation tax credit and $12.5 billion to retrofit homes and businesses to make them more energy efficient. It has not been publicly released but a summary was obtained by The Associated Press.

The debt-financed plan faces a difficult path through Congress, especially since Republicans now control enough seats to maintain a filibuster in the Senate. The House passed a significantly larger plan last month.

The plan also would rescind $150 billion in unused Wall Street bailout authority.

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Top Senate Democrats have drafted an $82.5 billion "jobs" plan that would help small businesses, boost spending on road construction and mass transit, and give local governments money to retain teachers.The draft document proposes $20 billion for a job creation tax credit...
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2010-22-26
 

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