Tags: US | Senate | Jobs | Bill

Senate Democrats Press Smaller Jobs Legislation

Wednesday, 27 Jan 2010 06:41 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

President Barack Obama's allies in the Senate acknowledge they can't pass an $83 billion jobs package. Instead, they're making plans to advance a small, first piece of his jobs agenda next month: a tax credit for new hires.

It's a bow to the political realities of a voting public that is increasingly worried about government spending. And the first initiative is aimed at winning over Republicans now that Democrats have lost their filibuster-proof majority.

The jobs tax credit would anchor a $15 billion to $30 billion measure that would be voted on next month, a senior Democratic aide said. It would also include tax breaks for small businesses and subsidies for infrastructure bonds issued by state and local governments.

At the same time, the idea of using leftover Wall Street bailout money to pay for the jobs agenda is fading fast, with key Democrats like Budget Committee Chairman Kent Conrad, D-N.D., now opposed to the switch. Dropping that move could reduce Republican opposition to a bite-size jobs measure.

Sen. Barbara Boxer, D-Calif., said it would be easier to sell the piecemeal approach to voters. "People understand it better than if you put 10 things in one bill," Boxer said.

Boxer's remarks indicate that a draft $83 billion package that leaked out this week is already dead, a point other Senate Democrats acknowledge privately.

The draft plan combined the jobs tax credit with $30 billion for infrastructure projects, more than $10 billion in energy efficiency subsidies for homeowners and businesses, and about $18 billion to help school districts pay teachers' salaries. But it was met with "sticker shock," the Democratic aide said.

The exact makeup of the first new, smaller measure is still under discussion, said the senior Senate Democratic aide, who spoke on condition of anonymity to discuss internal party strategy. The measure could be voted on as early as next week.

Conrad's move to block the use of bailout funds to make it look like the jobs plan wouldn't increase the deficit has further jumbled the outlook since it's forcing lawmakers to search for budget cuts elsewhere.

Conrad had earlier approved of the idea, but he announced his opposition after Congressional Budget Office Director Douglas Elmendorf said using the bailout money to defray the cost of the plan is a misleading gimmick that wouldn't produce real savings.

In taking a piece-by-piece approach, Senate Democrats are rejecting the all-in strategy taken last month by the House in passing an approximately $174 billion jobs measure. That measure passed by the barest of margins after Speaker Nancy Pelosi, D-Calif., had to convince about two dozen reluctant Democrats to vote for the debt-financed measure, and the Senate has not acted on it.

Pelosi is not a fan of the per-job tax credit idea, which was conspicuously left out of the House bill. She and other opponents worry that businesses would play games to claim the credit while not doing much to create jobs.

Also looming on the Senate agenda is safety-net legislation to again extend unemployment benefits and health insurance subsidies for the jobless. Temporary extensions expire Feb. 28.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved