Today the 
House passed legislation giving companies that hire the jobless a temporary payroll tax break. The $35 Billion bill comprises of $15 billion in tax cuts and subsidies for infrastructure bonds issued by local governments and $20 billion in transportation money. The tax portion of the bill provides an exemption for business hiring the unemployed from the 6.2 percent Social Security payroll tax through December and gives an additional $1,000 credit if new workers remain on the job for a full year. The Social Security trust fund would be reimbursed for the lost revenue.