An analysis of Obama’s proposed surtax on millionaires to fund his job program will be “paid by an infinitesimally small percentage of American taxpayers, and that the surtaxes themselves would constitute an infinitessimally tiny percentage of the income of the wealthy,” according to The Washington Posts‘s Greg Sargent. Despite this, More…
David Espo of the Associated Press says that the part of President Obama’s jobs bill that includes another extension of federal unemployment benefits is likely to pass the U.S. House while other parts will be shot down.
If anyone thought President Obama’s jobs bill was going to slide through the Senate before hitting trouble in the House, they were wrong. The Senate Tuesday couldn’t get enough support even for a debate.
Within president Obama’s $447 billion jobs bill he announced Thursday in an address to a joint session of Congress, some $55 billion would go directly to K-12 educators and renovations to nearly 35,000 schools.
The speech has won plaudits from labor groups and most of the Democratic base for its More…
Senate Democratic leadership is pulling together a small-bore jobs bill, giving payroll tax breaks to businesses that repatriate jobs from overseas. Here is the summary, via Huffington Post:
Today, Sen. Max Baucus (D-Mont.), the head of the Senate Finance Committee, introduced deficit-neutral legislation including the closing of a whole lot of loopholes and the reauthorization of a whole bunch of jobs programs. (That TANF Emergency Fund reauthorization I mentioned earlier today? That’s in there, for one.)
On a call with reporters this afternoon, Sen. Barbara Boxer (D-Calif.), Gov. Ed Rendell (D-Pa.) and Gov. Bill Ritter (D-Colo.) urged their Republican colleagues to vote for a $26.1 billion state-aid package.
Late Thursday afternoon, President Obama signed into law a bill granting workers out of a job for more than 26 weeks additional unemployment insurance payments, paid for by the federal government. The benefits had been in place since November 2009, but had lapsed for seven weeks — an unprecedented More…
On Tuesday, the Treasury Department announced that the country’s deficit had hit the $1 trillion mark just nine months into the fiscal year. Fear of the deficit had already led Congress to kill or delay an administration-backed jobs bill, a federal extension of unemployment benefits, a war More…
On the day the Obama administration is attempting to play up the estimated 3.2 million jobs saved or created by the stimulus and the president’s meeting with Berkshire Hathaway chairman Warren Buffet, the Chamber of Commerce is arguing that Washington has taken its “eyes off the ball” More…
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