Video archive of the US Congress

Senate Proceeding on Mar 15th, 2010 :: 3:09:25 to 3:13:55
Total video length: 6 hours 6 minutes Stream Tools: Stream Overview | Edit Time

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Max Baucus

3:09:12 to 3:09:34( Edit History Discussion )

Max Baucus: for other purposes. mr. baucus: m th sena recognized. today, for exa this bill

Max Baucus

3:09:25 to 3:13:55( Edit History Discussion )
Speech By: Max Baucus

Max Baucus

3:09:35 to 3:09:55( Edit History Discussion )

Max Baucus: employees v? it provides continued funding programs, it expands the successful build america bonds program, and it extends the tax incentive in section 179 of the tax code. which allows small businesses to expense capital expenditures instead of depreciating them

Max Baucus

3:09:56 to 3:10:18( Edit History Discussion )

Max Baucus: over time. these proposals will help to get americans back to work. the senate passed the hirect last month. i might add, with strong bipartisanship support. since then, the house of representatives considered the legislation and returned it to the senate with some modifications.

Max Baucus

3:10:19 to 3:10:39( Edit History Discussion )

Max Baucus: the hire act concludes the schumer-hatch -- includes the schumer-hatch payroll tax employees. this is a straightforward tax cut. if you hire a person who has been unemployed for 60 days, you don't have to pay your share of social security payroll taxes for that person for the rest of the year. and if you keep the newly hired person employed for one year,

Max Baucus

3:10:40 to 3:11:00( Edit History Discussion )

Max Baucus: you get an additional income tax credit. the house modified the schumer-hatch payroll tax exemption to allow employers to receive the exemption if they paid railroad retirement tax instead of social security payroll tax. the house also included modifications to ease

Max Baucus

3:11:01 to 3:11:21( Edit History Discussion )

Max Baucus: implementation of the payroll tax exemption. this payroll tax exemption provides a simple and immediate tax incentive for businesses to employ new workers right away. a business can use the cash that it to help pay the wages of a new employee or they can invest in equipment. either way, the incentive will help boost hiring and help

Max Baucus

3:11:22 to 3:11:42( Edit History Discussion )

Max Baucus: businesses. the hire act will also create jobs in the transportation sector by highway funding level to the end of 2010. highway construction plays a vital role in our economy. the department of transportation estimates that for every $1 billion in federal highway

Max Baucus

3:11:43 to 3:12:05( Edit History Discussion )

Max Baucus: spending, when coupled with the state or local matching share, that $1 billion in federal spending creates or sustains 34,500 jobs. these, of course, are jobs in construction, in engineering, manufacturing, and other sectors hard-hit by the recession. the hire act keeps the program

Max Baucus

3:12:06 to 3:12:28( Edit History Discussion )

Max Baucus: working: the highway program, transportation. the hire act also expands the successful build america bonds program. last month, treasury secretary geithner testified before the finance committee that the build america bonds program is the most successful stimulus program based on jobs per dollar. the hire act extends the enhanced expensing provision.

Max Baucus

3:12:29 to 3:12:49( Edit History Discussion )

Max Baucus: in addition, section 179 of the tax code. this tax incentive allows small business taxpayers to write off up to $250,000 of certain capital expenditures in 2010 instead of costs over time. this hps small businesses to pay less in taxes now and thus meet their needs for cash in this difficult time.

Max Baucus

3:12:50 to 3:13:11( Edit History Discussion )

Max Baucus: the american economy has lost more than 7 million jobs, and the unemployment rate is still hovering near 10%. we need to help people get jobs. we need to do more to help businesses to hire more workers. the hire act does that. and so let us help america's

Max Baucus

3:13:12 to 3:13:35( Edit History Discussion )

Max Baucus: businesses create more jobs, let us complete our work on this commonsense legislation and let us send the hire act to the president so that this law can start creating jobs right away. mr. president, i suggest the the presiding officer: the clerk will call the roll.

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