Posted: Nov 16, 2011 5:17 PM
Source: Associated Press
WASHINGTON - Congress has overwhelmingly approved a bill helping government contractors and unemployed veterans, finally giving President Barack Obama the chance to sign the first, tiny shred of his $447 billion jobs bill into law.
The House consented to the popular legislation Wednesday 422-0 as Democrats and Republicans rallied on a rare patch of common ground. The Senate passed the measure 95-0 last week.
The bill creates tax breaks for companies hiring jobless veterans and beefs up vets' job-training and counseling programs.
It also repeals a law that would require the government to withhold 3 percent of its payments to contractors to compel them to pay their taxes.
Obama proposed the veterans tax credits in his jobs bill. It is worth $95 million - a tiny fraction of his overall jobs plan.