Senate votes to move ahead with ‘jobs bill’; final vote March 17

Tina Grady Barbaccia

March 16, 2010

The U.S. Senate voted 61 to 30 on March 15 to end debate on the amended version of the “jobs bill” H.R. 2847 and proceed to a final vote on the measure Wednesday, March 17at 9:30 a.m. EDT, according to the National Stone, Sand & Gravel Association (NSSGA).

Six Republicans (Senators Kit Bond – Mo., Scott Brown – Mass., Richard Burr – N.C., Susan Collins – Maine, Jim Inhofe – Okla., and Olympia Snowe – Maine) voted for the bill while one Democrat, Nebraska’s Ben Nelson, opposed it, according to NSSGA.

The bill extends SAFETEA-LU through Dec. 31, 2010, transfers $19.5 billion into the Highway Trust Fund for interest that had been foregone on the balance, and restores the rescission of contract authority that took place when SAFETEA-LU expired on Sept. 30, 2009.

It also includes a payroll tax break for new hires, a small-business expensing provision, and Build America Bonds financing, which was expanded by the House this month, increasing the cost of the bill from $15 billion to $17.6 billion, says NSSGA.

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