Text of HIRE Act Legislation

Here is a link to the full text of the final HIRE Act legislation.

C-Span: Hiring Incentives to Restore Employment Act Signing Ceremony

The President’s comments prior to signing the HIRE Act.

President Obama Signs Hire Now Tax Cut Into Law

President Obama signing jobs bill

From USA Today:

Acknowledging that government alone can’t solve the nation’s job crisis, President Obama just signed a new $18 billion jobs bill designed to spur hiring by giving tax breaks to small businesses. The bill also includes $20 billion for highway and transit programs.

“While this jobs bill is absolutely necessary, it is by no means enough,” Obama said during a sunny Rose Garden bill signing ceremony. “There is a lot more we need to do to spur hiring in the private sector and bring about a full economic recovery; from helping creditworthy small businesses get the loans they need to expand, to offering incentives to make homes and businesses more energy-efficient, to investing in infrastructure so we can put Americans to work doing the work America needs done.”

Obama thanked the dozen or so Republicans who supported the bill in Congress and, even as Democrats and Republicans continued sparring over health-care legislation, the president said he hopes there will be more cooperation in the future.

HIRE ACT Passed (March 17, 2010)

H.R. 2847 passed its final legislative step in the Senate today before being sent to the President for signature. The bill passed with a vote of 68-29.

Below is C-Span’s video of the Senate’s discussion on the bill: