Talk Radio News Service: News, Politics, Media

By Sofia Sanchez
University of New Mexico/Talk Radio News Service

The U.S. House of Representatives passed H.R. 4849, the Small Business and Infrastructure Jobs Tax Act, Wednesday in a move aimed at extending job creation programs.

“Today, we are on the road to recovery,” said Rep. Chris Van Hollen (D-Md.)

Top Democrats assailed Republicans for being the 'party of no’ on job creation.

The new legislation will eliminate capital gains taxes on small business investments made from now until January 2012, and deductions on greater expenses from $5,000 to $50,000.

“Republicans voted overwhelmingly against all three provisions and all three have and will create jobs,” said Van Hollen. “Yet our colleagues are talking on the floor about their jobs agenda, but they voted against every job [package].”

According to Van Hollen, not a single Republican House member voted for the Recovery Act, only four voted for the HIRE Act, and only six voted for the legislation passed Wednesday.

“When they go home we are very interested in what they have to say to their constituents about what they have done to help create jobs in a time when Americans are hurting,” said Van Hollen.