Some news out of D.C. about something other than the weather: Senators unveiled an $87 billion jobs bill Thursday with support from at least two Republican senators, Chuck Grassley and Orrin Hatch. Grassley announced the bill with Sen. Max Baucus, (D-MT) and the two announced that the bill was only a “first step.” However, the bill already faces opposition from both sides: Sen. Judd Gregg (R-VT) attacked a $19.5 billion fund to help state and local governments with highway construction. Liberals, meanwhile, point out that a tax credit for business to hire new people would cost between $56,000 and $125,000 for each job created. In December, the House passed a $155 billion jobs bill.
Read it at Reuters
