Monday, October 24, 2011

'Stimulus 2.0'? Senate rejects bid to revive parts of Obama jobs bill. (The Christian Science Monitor)

Washington ? In a rebuff to President Obama?s jobs strategy, Senate Republicans late Thursday blocked a $35 billion bill to avoid or reverse layoffs of teachers, firefighters, and police ? setting up an ongoing dispute for the 2012 election cycle.

The vote marked the first attempt by Senate Democrats to pass a scaled-down version of the president?s $447 billion jobs plan, which the Senate rejected on Oct. 12.

The measure failed 50 to 50 ? 10 short of the 60 votes needed to allow debate on the measure ? with Sens. Ben Nelson (D) of Nebraska, Mark Pryor (D) of Arkansas, and Joseph Lieberman (I) of Connecticut, voting with all Republicans to oppose the measure.

RECOMMENDED: Unemployment, Inc.: Six reasons why America can't create jobs

Majority leader Harry Reid (D) of Nevada is planning three stand-alone votes on other aspects of the Obama jobs bill, including extending cuts in Social Security payroll taxes.

But all will have to pass the 60-vote threshold in the Senate. With Republicans unanimously opposed ? and a few moderate Democrats willing to break ranks ? it?s a formidable hurdle.

?Our fight isn?t over,? said President Obama in a statement after the vote. ?We will keep working with Congress to bring up the American Jobs Act piece by piece, and give Republicans another chance to put country before party and help us put the American people back to work.?

Senate Republicans dubbed the Teachers and First Responders Back to Work bill a ???bailout??

?Four out of every five Americans who would pay higher taxes are small business owners,? said Sen. Lamar Alexander (R) of Tennessee, who chairs the Senate Republican Conference, in a statement after the vote. ?That doesn?t sound like a jobs bill to me.?

Sen. Marco Rubio (R) of Florida, a tea party favorite, said that the federal government can?t afford ?another bailout of local governments,? while running its own massive debt. ?We can?t afford stimulus 2.0,? he said, in a video statement.

It?s an ideological divide that both parties seem eager to carry into the 2012 elections.

Mr. Obama took his case for a jobs bill to key swing states North Carolina and Virginia on a bus tour in the runup to the Senate vote. Vice President Joe Biden led a rally of firefighters and teachers at the Capitol.

???Republicans unanimously blocked a bill that would have kept 400,000 teachers in the classroom and first responders on the job because they refuse to ask millionaires to pay their fair share,??

The Senate also blocked a proposal by Senate Republicans to repeal a 3 percent tax to government contractors, set to take effect in 2013. Republicans propose offsetting costs of the repeal by $30 billion in unspecified spending cuts.

A similar measure in Obama?s jobs plan would have delayed implementation of the tax, but not repealed it. Ironically, the tax was first passed by a GOP-controlled Congress in 2006 as a bid to ensure tax compliance, but never implemented by majorities in either party. The White House plan proposed offsetting costs of the delay with permanent tax hikes.

The GOP measure failed to meet the 60-vote target, 57 to 43. Ten Democrats ? all but three of whom are up for reelection in 2012 ? voted with all Republicans in favor of repeal.

The GOP-controlled House proposes taking up a similar measure to repeal this tax hike when the House returns to Washington next week. The Senate is effectively on a recess until Oct. 31.

?House Republicans are serious about making sure America is a place for opportunity, and that is why we are focused on ideas supported by the president and Democrats in Congress that will create jobs and return economic growth," said House majority leader Eric Cantor (R) of Virginia, in a statement on Friday. "Next week, the House will vote to repeal the 3 percent withholding rule to remove unnecessary costs on businesses already facing uncertainty."

Related video:

newslook

RECOMMENDED: US job market: Four ways to cut the unemployment rate

Get daily or weekly updates from CSMonitor.com delivered to your inbox. Sign up today.

Source: http://us.rd.yahoo.com/dailynews/rss/gop/*http%3A//news.yahoo.com/s/csm/20111021/ts_csm/416973

vanity fair boo tonga irb super bowl 2011 super bowl 2011 blackout

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.