Politics killed the jobs bill
Politics killed the jobs bill
Philadelphia Inquirer:It may be overly optimistic to expect Republicans and Democrats to agree to individually pass some key elements of President Obama’s defeated jobs legislation.
But to accept the alternative perspective, that there’s no way this Democrat running for reelection is ever going to get Republican support, would be demoralizing. The public is desperate for bipartisanship — on anything.
Instead, Democrats accused Republicans of not wanting the economy to improve because that would help Obama, while Republicans accused Democrats of wanting Republicans to kill the jobs bill so they could be blamed for high unemployment rates.
Among the bill’s ideas that deserve reconsideration:
Workers’ take-home pay would be boosted by cutting the Social Security wage tax to 3.1 percent.
Business taxes would be cut in half on payrolls up to $5 million.
Payroll taxes would be eliminated for new workers or increases in current workers’ pay.
Companies could receive a $4,000 tax credit for hiring a long-term unemployed worker.
A $50 billion investment would be made to modernize highways, transit, rail and aviation.
A $35 billion allocation would prevent the layoffs of 280,000 teachers nationwide.
The bill also would provide job training, update the unemployment insurance system, and extend jobless benefits.
The Senate vote that doomed the package fell strictly along partisan lines, with the Republicans and two Democrats who face tough re-election contests in conservative states — Ben Nelson of Nebraska and Jon Tester of Montana — voting against it.
Senate Majority Leader Harry Reid, D-Nev., switched his vote from yes to no, but only as a procedural maneuver, so he would be able to move to reconsider the vote. Obama said the defeat was “by no means the end of this fight.”
Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.