Thune Urges End of TARP as Part of Unemployment Benefits Extension
In a few moments, the Senate will hold a procedural vote setting the stage for final passage of legislation extending unemployment insurance benefits. Leading
Jul 31, 202094.6K Shares2.2M Views
In a few moments, the Senate will hold a procedural vote setting the stage for final passage of legislation extending unemployment insurance benefits. Leading up to the vote, Republicans are taking every opportunity to blast the Democrats for not allowing votes on all of their amendments.
Sen. John Thune (R-S.D.) just took to the floor in wonder that his proposal to end the Wall Street bailout won’t be considered. The” natural inclination” of the Senate, Thune said, “is to allow amendments to be considered.”
Sen. Mike Johanns (R-Neb.) followed with criticisms that his provision to fund the unemployment insurance extension using unspent stimulus money has likewise been ignored.
No matter. Democratic leaders have already determined that the bill will contain only two unrelated add-ons: a homebuyers tax credit and a provision allowing businesses to turn losses into tax credits.
Sen. Max Baucus (D-Mont.), chairman of the Finance Committee, argued that the Republicans have simply been stalling while thousands of Americans lose their unemployment benefits. “We’ve got to get moving here,” Baucus said.
The vote is scheduled to begin shortly.
Paula M. Graham
Reviewer
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