Jeff Bingaman United States Senator from New Mexico

WASHINGTON – U.S. Senator Jeff Bingaman today voted for final approval of a bill aimed at creating more jobs.  The measure, called the HIRE Act, can now be sent to the White House for signature.

The HIRE Act contains the following provisions intended to spur job creation:

• A payroll tax holiday for businesses to encourage hiring
• An extension of a tax credit that helps small businesses make investments to grow
• An extension of the Highway Trust Fund to allow for billions in infrastructure investment and save one million jobs
• An expansion of Build America Bonds program to allow states to finance more infrastructure projects

"The main goal of the HIRE Act is to encourage small businesses to grow by incentivizing them to hire new employees.  This bill, coupled with other job-related bills I expect we'll pass in the coming weeks, will help us get our economy moving again," Bingaman said.