Reid's Jobs Bill Gets Lackluster Reviews; Some Prefer Tax Law Extension

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Longer-term policies that give small businesses additional certainty about the tax climate in coming years may be better for the economy than the $16 billion in tax incentives set to pass the Senate today, tax policy analysts tell the Senate Finance Committee at a hearing. Senate Majority Leader Reid's measure, technically an amendment in the nature of a substitute (S. Amdt. 3310) to H.R. 2847, Hiring Incentives to Restore Employment (HIRE) Act, is the first installment in a series of bills intended to boost job creation.