Jobs Bill Just Got Bipartisan Senate Support
It's too early to get our hopes up for sustained Senate bipartisanship, but just before 6 p.m. tonight, five Republicans joined 57 Democrats to invoke cloture on Senator Harry Reid's (D-NV) amendment to the House jobs bill, H.R.2847. Newly elected Scott Brown (R-MA), Kit Bond (R-MO), Sue Collins (R-ME), Olympia Snow (R-ME), and George Voinovitch (R-OH) voted with the Democrats. Ben Nelson (D-NE) was the only Democrat to vote with the Republicans. Not voting were Frank Lautenberg (D-NJ), who is hospitalized for stomach cancer, and eight Republicans, who ducked the vote. So far, Reid's amendment would be limited to $12 b. FY10-FY12, and it's "paid for" over 10 years, but amendments could add to that, and it will grow larger in any compromise with the House's $65 b. FY10-FY19 bill.
- Jobs bill
- Deficit reduction for FY12 and beyond
- Already expired:
- Estate Tax, currently repealed, but jumping to 2001 law in 2011
- 71 other expired tax provisions, including the R&D tax credit.
- About to expire:
- Highway authorization
- flood insurance
- postponement of the 21% cut in Medicare physician reimbursement rates
- Defense supplemental to fund the Iraq and Afghanistan wars
- budget resolution
- Confirm non-controversial judges and other presidential appointees on "hold" for reasons having nothing to do with their qualifications.
- Financial reforms