WASHINGTON, DC - The House is expected to consider an employment bill today that includes $16 billion in tax cut incentives that encourages businesses to hire new workers, the Bureau of National Affairs reports.

The bill will likely make it to the floor after some concerns earlier in the week among "fiscally conservative Blue Dogs" that the bill violates pay-as-you go rules.

The bill includes a $1,000 hiring tax credit and a payroll tax "holiday" that cumulatively total $13 billion and focuses on businesses hiring workers who have been unemployed for at least 60 days. The bill also includes an extension that increases expense limits for small businesses and an extension of Build America Bonds.

Under the Hiring Incentives to Restore Employment (HIRE) Act, for every worker hired between February 3, 2010, and December 31, 2010, an employer would receive an exemption from Social Security payroll taxes and receive a $1,000 income tax credit for every new employee who remains employed for 52 weeks.