Raise your hand if you’re surprised that both parties (including the Democrats) have declared Obama’s jobs bill to be completely unpassable and stated that “nobody is all that excited about the President’s jobs bill”, despite the fact that it is overwhelmingly popular among voters! Both parties (including the Republicans) have also expressed a desire for “common-sense”, “bipartisan” compromises and indicated their openness to incrementalism and a “piecemeal” approach, which is how they’ll pass all the parts they like (tax cuts) and nix all the parts they dislike (tax increases) in the name of “compromise”. Who didn’t see this coming?
HOUSE TO PASS ONE PIECE OF THE PACKAGE
Cantor said the House would pass one element of Obama’s jobs package this month: a provision that allows government contractors to collect all the money that is due to them, rather than having 3 percent automatically withheld for taxes.
That would cost about $14 billion over 10 years — a tiny fraction of the entire jobs bill, which is centered around a payroll tax cut, infrastructure spending and aid to cash-strapped state and local governments.
Republicans also will work with Obama to pass long-stalled trade agreements, Cantor said. One central element of the package, which would extend a payroll tax cut for businesses and workers, is “part of the discussion,” Cantor said, but he declined to say whether he would bring it up for a vote.
Senate Democratic leader Harry Reid said he would schedule a vote on the bill later this month.
"Members of both parties should rally behind the common-sense, bipartisan approach of this legislation," Reid said.
Prospects for passage in the Senate appeared doubtful as most legislation needs support from both parties in order to advance. All but a handful of Republicans will vote against it, according to a Republican aide, and several Democrats are likely to oppose it as well.
Moderate Democrats in the Senate have objected to some of the tax increases Obama has proposed to pay for the bill.
"Nobody is all that excited about the president’s jobs bill," a senior Democratic aide said.