December 3, 2009Democratic Job Proposals Could Cost $300 BillionThe Hill, The Hill
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The cost of a new jobs bill Democrats hope to move early next year runsto nearly $300 billion when major proposals under serious considerationare added up. Lawmakers are calling for extending aid to the unemployed, infrastructure spending, a hiring tax credit and increased small business loans. A number of the jobs proposals backed by Democrats make up a $230 billion package proposed by Mark Zandi of Moody's Economy.com, who made a presentation to Senate Democrats Wednesday. The provisions supported by Zandi along with new spending on infrastructure, a favored approach of top House Democrats, would cost between $291 billion and $299 billion, according to estimates by lawmakers and economists. Aides cautioned that... Related Topics: economy, jobs, USD, Mark Zandi, Peter DeFazio, Small Business Administration RECOMMENDED ARTICLES
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