Posted: Mar 18, 2010 8:37 AM
Updated: Mar 18, 2010 8:37 AM
WASHINGTON (AP) - President Barack Obama has signed into law a package of tax breaks and spending designed to give the nation a jobs boost.
In a sunny Rose Garden ceremony, Obama said the legislation will help the private sector start hiring again.
It is the first of several jobs measures promised by Democrats this year. Obama called it essential but "but by no means enough."
The legislation includes about $18 billion in tax breaks and $20 billion into highway and transit programs.
There's plenty of skepticism that the new law will do much to actually create jobs. Optimistic estimates predict the tax break could generate perhaps 250,000 jobs through the end of the year, but that would be just a sliver of the 8.4 million jobs lost since the start of the recession.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at firstname.lastname@example.org, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties