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Reid Quickly Kills ‘Bipartisan’ Jobs Bill

From The Hill:

Sen. Reid kills Baucus bill, narrows focus of jobs legislation after complaints

By Alexander Bolton – 02/11/10

Senate Majority Leader Harry Reid (D-Nev.) is rewriting a jobs bill after Democrats complained of too many concessions to Republicans.

Reid announced Thursday that he would cut drastically back on the jobs bill Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced only hours earlier, essentially overruling the powerful chairman.

The Finance Committee estimated that Reid’s proposal would cost approximately $15 billion.

The Baucus bill, which was estimated at $85 billion, included $31 billion in tax extenders that Reid has decided to leave out…

In typical fashion the media and the Democrats are calling these “tax extenders,” when in fact they are extensions of tax cuts.

Which, of course, Mr. Reid and the Democrats could never allow.

“We’re going to move this afternoon to a smaller package than talked about in the press,” Reid said.

A spokesperson for Sen. Chuck Grassley (Iowa), the ranking Republican on the Finance Committee and the co-sponsor of the Baucus bill, said Reid’s move risks turning a bipartisan bill into another partisan vote.

“Senator Reid’s announcement sends a message that he wants to go partisan and blame Republicans when Senator Grassley and others were trying to find common ground on solutions to help get the economy back on track and people back to work,” said Grassley’s spokesperson Jill Kozeny.

Senator Reid did this just as Republican senators were saying they liked things in the Baucus-Grassley draft, which would have prevented billions of dollars in tax increases and offset any spending. The Majority Leader pulled the rug out from work to build broad-based support for tax relief and other efforts to help the private sector recover from the economic crisis.” …

Again, note that extending these tax cuts are described by Reid and his compliant media as costing $31 billion dollars, when at most they are preventing the government from collecting new taxes.

But tax cuts very often bring in more revenue for the government – especially when they spur job growth.

Reid’s bill also does not extend unemployment and COBRA benefits that many in both parties want; an aide to the majority leader said those extensions would be handled in a separate bill.

What a laugh. These are being cut as window dressing. There can be no doubt that the Democrats will ram them through Congress at some point down the road.

Reid heard loud complaints of dissatisfaction over Baucus’s bill during a Democratic Conference meeting held Thursday afternoon, according to a senator who attended.

But Reid said he decided to overhaul the legislation even before listening to his fellow Democrats vent their anger…

Notice the complaints are kept vague in this report. But what else could they have been about but the extension of some tax cuts? And note too that Mr. Reid had already decided to strip them out before he even heard any other complaints.

Tax cuts are to the Democrats what the crucifix is to vampires.

The bill now includes four components: tax credits for employers who hire new workers; a provision allowing businesses to write off the cost of capital investments; Build America Bonds, which allow state and local governments to lower their borrowing costs; and a one-year extension of funding for transportation programs in the Surface Transportation Act.

Reid said the Senate would take up the revised jobs bill when lawmakers return to Washington after the Presidents’ Day recess.

You can tell it’s a top priority.

Baucus had stuffed the bill with many provisions that Democratic senators thought went beyond the goal of creating jobs, such as $31 billion in extensions to expiring tax provisions, including the research and development tax credit. That and other tax cuts were included to win GOP votes.

Going into Thursday’s meeting, Democrats complained the bill did not focus enough on job creation…

Again, the Democrats are only objecting to the extension of tax cuts which would have done far more to help create jobs than any of the picayune provisions that are still remaining in the bill.

But some Democratic senators still have concerns.

Sen. Tom Harkin (D-Iowa), chairman of the Senate Health, Education, Labor and Pensions (HELP) Committee, said the jobs bill should include a yearlong extension of unemployment insurance benefits

Richard Kirsch, National Campaign Director of Health Care for America Now [HCAN, Obama’s astroturf lobbyists], a coalition of labor unions and liberal advocacy groups, said Congress needs to act on COBRA subsidies and Medicaid assistance

Some Democrats and labor officials are also pressing Reid to include federal Medicaid assistance to states…

The new jobs [bill] will not include extensions of unemployment insurance, COBRA subsidies or Medicaid assistance to states, known as FMAP…

Again, the Democrats claim that extending tax cuts won’t help create jobs – but they insist that extending unemployment benefits (for another year!) and giving COBRA subsidies and Medicaid assistance will create jobs.

And, once again, we can be sure that all of these goodies will eventually be passed in another bill.

Reid’s decision to jettison the tax relief extensions, such as the research and development tax credit, and other provisions sought to win GOP support raises the question of whether the jobs bill can pass the upper chamber.

[Sen. Jay] Rockefeller predicted the Republicans would not support Reid’s revised proposal.

“Why would the Republicans vote for something?” Rockefeller said.

Why should they? They have been stabbed in the back – yet again.

They should just say (hell) no.

By the way, isn’t this the same Senator Rockefeller who wrote the notorious ‘Rockefeller Memo,’ which outlined the Democrat strategy for doing everything within their power to undermine our efforts in the war in Iraq?

What a poster boy for bipartisanship he is.

This article was posted by Steve on Friday, February 12th, 2010. Comments are currently closed.

6 Responses to “Reid Quickly Kills ‘Bipartisan’ Jobs Bill”

  1. JohnMG says:

    Republicans? The party of “No”?

    November can’t get here soon enough!

  2. Yarddog1 says:

    Poor Harry.

    Having the little man syndrome all his life was surely painful.

    Being beaten by little girls on the payground as a child left indelible scars.

    Maybe he should have quit wearing those panties before he turned 18.

  3. Mithrandir says:

    Republicans tax cuts = “Tax breaks for the rich!” (can you still hear dick gephardt et.al screaming this?)

    Democrat tax cuts = tax extenders, stimulating jobs.

    Any of you sick of the drama yet? These high school nerds ruling our lives? Everyone afraid, “How is the government going to punish me now?”

    I am shocked people just don’t vote Constitution Party. I am going to do it from now on, I have already wasted my vote watching these 2 parties take turns screwing things up.

  4. Chuckk says:

    The only wothwhile jobs are those created by the government and thus result in reliable statist voters

  5. BigOil says:

    Republicans need to keep this charade in mind when they enter the wolves den for this upcoming healthcare love-fest.

    Bipartisanship should be defined by republicans as crushing liberalism. But I dream…

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