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House Passes Job Creation Bill Granting $17.6 Billion in Tax Incentives for Businesses

March 5, 2010 in Daily Tax Report · Leave a Comment 

The House March 4 voted 217-201 to pass legislation that includes $17.6 billion in tax cuts aimed at encouraging businesses to hire new workers.

Several changes were made to the measure (H.R. 2847), including some technical changes designed to improve the administration of the hiring tax incentives while ensuring the measure conforms to the House’s pay-as-you-go rules (40 DTR G-4, 3/3/10).The Congressional Budget Office confirmed March 4 that…

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