Sen. Reid plans to push for downsized job-creation bill

Senate Majority Leader Harry Reid, D-Nev., said he will press for prompt action from the Senate on a job-creation bill that would be less expensive than the one backed by President Barack Obama. Reid said the downsized bill would "create jobs immediately," relying primarily on incentives for private-sector hiring and tax cuts for employers. The centerpiece of Reid's plan would be to give employers an exemption from federal payroll taxes for every jobless worker hired this year. The proposal has some Republican support.

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