Will jobs bill work? Yes. No. Well...it depends. - KLTV.com - Tyler, Longview, Jacksonville |ETX News

Will jobs bill work? Yes. No. Well...it depends.

LONGVIEW, TX (KLTV) -

By Bob Hallmark - bio | email
Posted by Ellen Krafve - bio | email

LONGVIEW, TX (KLTV) - The president signed into law Thursday a jobs bill that he hopes will generate around 250,000 jobs through the end of the year.

But, the question people want to know, especially those without a job is, will it be enough to encourage employers to hire? East Texas employers say yes and no, but it depends.

"I could see where it could play and encourage people to hire some more people," said Jimmy Wheeler, with Fresh Country Fund Raising.

"I can see, with things picking up, we can have some new hires there, but it depends on the economy," said Gerard Cace, owner of Johnny Cace's Seafood.

It sends 18 billion in tax breaks for small businesses - a $1,000 tax credit if new workers remain on the job for a year. But, not everybody is buying.

"I have a very large investment for every new hire and I'm not going to keep someone around who's not working out just to get a $1,000 credit," said Amos Snow, owner of Bois D'arc Industries.

"Right now, no," said Wheeler. "Now, under a better economy I think so."

$20,000,000,000 will go into highway and transit programs. Businesses will get an exemption from paying the 6.2% Social Security payroll tax through December if the new hire has been unemployed for at least 60 days. But, is it enough?

"If you don't really need any additional people, I don't know that the 6% is going to make a difference," said Wheeler.

"We don't look at if they've been long term unemployed and if I will receive some type of benefit from the government for hiring them and hoping they stay for one year," said Amos Snow. "It provides no incentive whatsoever to me."

Business growth is the "x-factor".

"Every little bit helps," said Cace.

President Obama said Thursday the bill will be "the first in a series of jobs packages" crafted to put millions of unemployed Americans back to work.

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