Thursday, February 05, 2009

House Passes Bipartisan Jobs Bill

The State House approves a $9 million dollar economic development package that's designed to provide businesses incentives to create jobs.
The vote was 141 to 19.
The plan is an extension of former Gov. Blunt's Quality Jobs Program -- but is also a top priority of Governor Nixon's administration.
"By expanding the successful Quality Jobs Program, we will make it easier for businesses across our state to create the high-paying jobs that will turn this economy around. I look forward to working with the Senate to meet the goal of signing a comprehensive jobs plan by the legislature’s March break."
The main element of the plan removes any cap on the tax breaks that can be awarded under Missouri's Quality Jobs program. The program lets businesses earn tax credits and help a portion of the payroll taxes for newly hired workers.
The bill now goes to the Senate.

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