Save Our State  

Go Back   Save Our State > General Forum (non official Save Our State business) > United States Federal government

United States Federal government Topics and information relating to the federal government of interest to SOS associates

WELCOME BACK!.............NEW EFFORTS AHEAD..........CHECK BACK SOON.........UPDATE YOUR EMAIL FOR NEW NOTIFICATIONS.........
Reply
 
Thread Tools Display Modes
  #1  
Old 02-25-2010, 05:58 PM
ilbegone's Avatar
ilbegone ilbegone is offline
Senior Member
 
Join Date: Oct 2009
Posts: 2,068
Default Senate Democrats offer jobs measures

I see where this is going.

It won't create any new jobs. It just give employers a tax incentive to lay off current employees and hire unemployed people in order to get the tax break.

It's like the big box store which gets a tax break for hiring students during the summer. The stores then lay off (or find a reason to fire in order to avoid paying into unemployment benefits) single mothers in order to hire a kid who doesn't know the first thing about working.

I see more foreclosures in store directly as a result of this bill.

Quote:
Senate Democrats offer jobs measures, House members may want a more ambitious plan

By Andrew Taylor

February 25, 2010

WASHINGTON - Senate Democrats delivered the first of several promised election-year jobs bills yesterday, passing a measure blending tax breaks for companies that hire unemployed workers with highway funding eagerly sought by the states.

The bipartisan 70-to-28 vote to pass the bill sends it to the House, where many Democrats say it is too puny and call the allocation of highway money unfair. House members, however, feel pressure to pass it anyway to score a win for President Obama and the Democratic Party, which has dropped in opinion polls and could face losses in midterm elections.

It’s the first major bill to pass the Senate since the Christmas Eve passage of a deeply controversial health care bill and the subsequent election of Massachusetts Republican Scott Brown, which demonstrated the Democrats’ falling standing even among voters who tend to back them.

Democrats promise additional measures to create jobs, including help for small businesses having trouble getting loans, aid for cash-strapped state governments, and subsidies for people who make their homes more energy efficient. But worrisome budget deficits could make future measures difficult to pass.

The jobs bill contains two major provisions. First, it would exempt businesses hiring the unemployed from the 6.2 percent Social Security tax through December and give them an additional $1,000 credit if new workers stay on the job a full year. The Social Security trust funds would be reimbursed for the lost revenue. Second, it would extend highway and mass transit programs through the end of the year and pump $20 billion into them in time for the spring construction season. The money would make up for lower-than-expected gasoline tax revenues.

Representative James Oberstar, a Democrat from Minnesota and chairman of the House Transportation Committee, said the Senate bill would unfairly favor states such as California and Illinois, at the expense of almost every other. “It’s got to be changed. If you brought it up now, it wouldn’t pass,’’ he said.

But a spokesman for House Speaker Nancy Pelosi, Brendan Daly, said lawmakers are working to resolve the issue. “We are on a path to move forward this week,’’ Daly said in an e-mail.

The Senate’s proposal, blending $15 billion in tax cuts and subsidies for infrastructure bonds issued by local governments with $20 billion in transportation money, is a far smaller measure than the $862 billion stimulus bill enacted a year ago.

The measure cleared a key hurdle Monday when Brown and four other Republicans broke party ranks to defeat a filibuster. Brown took heat from conservative commentators and bloggers for his Monday vote, though 12 other Republicans voted for the bill yesterday.

Senator Judd Gregg, of New Hampshire, denounced the measure for increasing the budget deficit. He said it undercut Democratic promises to adhere to “pay-as-you-go’’ budget rules.
__________________
Freibier gab's gestern

Hay burros en el maiz

RAP IS TO MUSIC WHAT ETCH-A-SKETCH IS TO ART

Don't drink and post.

"A nickel will get you on the subway, but garlic will get you a seat." - Old New York Yiddish Saying

"You can observe a lot just by watching." Yogi Berra

Old journeyman commenting on young apprentices - "Think about it, these are their old days"

SOMETIMES IT JUST DOESN'T MAKE SENSE.

Never, ever, wear a bright colored shirt to a stand up comedy show.

Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -8. The time now is 04:11 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Copyright SaveOurState ©2009 - 2016 All Rights Reserved