Steny Hoyer: House to pass Jobs Bill by Dec 18th, to include further unemployment extension, COBRA addition and infrastructure & Is Obama planning a 3 trillion dollar tax increase?, plus the rationing begins, women first

(We are combining posts for time under the light blog schedule for the Holidays)

Job Creation Bill:

iMarketNews:

House Majority Leader Steny Hoyer Tuesday said that Democrats want to pass a jobs creation bill in the House by December 18, the day he hopes Congress will adjourn for the year.At his weekly briefing, Hoyer said House Democrats are now reviewing “a lot of options” to boost job creation, including infrastructure spending, a highway bill, business tax credits for job creation, another extension of unemployment insurance, an adjustment to COBRA and assistance to state governments.

Hoyer said he “would not characterize” the package that is being developed as the second stimulus bill of 2009. Congress passed a $787 billion fiscal stimulus bill in February. The measure, he said, would be “targeted on jobs.” “We’re moving ahead,” he said.

The House Majority Leader said the package will be devised to boost job creation in the short-term, suggesting that any offsets would occur later after the economy picks up speed. The bill, he said, would spend funds early and then “flatten out” our expenditures as the economy grows.

He said the overall size of the package has not been determined. “I don’t have a figure,” he said, when asked about the cost of the bill. Hoyer said that unless the American economy begins to create jobs “we will not have the kind of recovery we want.”…

Continues after the break:

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November 17, 2009. Tags: , , , , , , , , , , . Economy, Finance, Healthcare, Obama Administration, Politics, Taxes, Unemployment Statistics, Wall St. Comments off.

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