House narrowly approves Democratic jobs plan
$174 billion measure now faces uncertain future in Senate next year
The Associated Press
updated 7:29 p.m. ET, Wed., Dec . 16, 2009
WASHINGTON - President Barack Obama's Democratic allies in the House Wednesday muscled through a year-end plan to create jobs, mixing about $50 billion for public works projects with another almost $50 billion for cash-strapped state and local governments.
The unemployed would get continued benefits. But conspicuously absent from the plan were Obama's recently announced initiatives to give Social Security recipients $250 payments, a tax credit for small businesses that create jobs and a program awarding tax credits to people who make their homes more energy efficient.
Not a single Republican voted for the plan, which passed on a 217-212 vote after House Speaker Nancy Pelosi, D-Calif., worked the floor for an hour before it passed. The measure now goes to the Senate, which won't consider the measure until next year and which generally has a smaller appetite for such deficit-financed economic stimulus measures.
Given increasing anxiety among Democrats over massive budget deficits and the party's poor marks with voters for its free-spending ways, the measure could face a tough road. Almost 40 Democrats voted against the plan, mostly moderates and junior members elected from swing districts.
According to documents released by Democrats, the measure would cost $154 billion. But there's also another $20 billion from the federal treasury to keep the highway trust fund afloat.
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http://www.msnbc.msn.com/id/34454368/ns/business-stocks_and_economy/?ocid=twitter
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