Senator Chris Dodd (D-CT) issued the following statement today after the Senate passed the Hiring Incentives to Restore Employment (HIRE) Act. “Getting Americans back to work in stable, good-paying jobs is our highest priority,” said Dodd. “The HIRE Act is the first in a series of bills that will create jobs for American workers and get our economy back on the right track. This bill will ensure transportation projects can continue to move forward, and it creates incentives for businesses to hire more workers.”
The HIRE Act will create a new tax incentive for businesses to hire unemployed workers; allow small businesses to write off more of their expenditures; extend transportation programs to rebuild the nation’s infrastructure; and expand the successful Build America Bonds program, so state and local governments can more easily finance infrastructure projects.
