The bill includes the following provisions:

• Hiring tax incentives — Exempts employers from paying the 6.2 percent Social Security payroll tax this year on newly hired workers that have been unemployed for 60 days or more. Provides additional $1,000 tax credit for workers retained for at least a year. 
• Highway programs — Reauthorizes through the end of 2010 the highway trust fund to use gasoline taxes to help state and local governments pay for highway and transit projects.
• Equipment write-offs — Permits businesses to write off equipment purchases as a business expense rather than depreciating them over time.
• Build America Bonds — Expands the Build America Bonds program to subsidize the interest costs of bonds for include certain school and energy projects.