{"id":312345,"date":"2010-02-12T14:30:03","date_gmt":"2010-02-12T19:30:03","guid":{"rendered":"tag:business.theatlantic.com,2010:\/\/3.35886"},"modified":"2010-02-15T11:33:27","modified_gmt":"2010-02-15T16:33:27","slug":"liberals-applaud-reid-on-the-jobs-bill","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/312345","title":{"rendered":"Liberals Applaud Reid On The Jobs Bill"},"content":{"rendered":"<p>Senate Majority Leader Harry Reid took the bipartisan-negotiated jobs bill, unveiled by Sens. Max Baucus (D-MT) and Chuck Grassley (R-IA)&#8211;who, by the way, played a central role in health care negotiations last summer&#8211;and <i>slashed<\/i> it, the headlines say: he took several measures from that bill and produced them as a new proposal&#8211;the first step in a larger Democratic jobs agenda in the Senate, as his office put it.<\/p>\n<p>The bill went from $85 billion to $15 billion, <a href=\"http:\/\/www.foxnews.com\/politics\/2010\/02\/11\/reid-scales-jobs-eliminates-key-bipartisanship-elements\/\">Fox reports<\/a>. <\/p>\n<p>The new bill includes 1) an exemption from Social Security payroll taxes<br \/>\n for workers hired in 2010 who have been unemployed for at lest 60 days,<br \/>\n 2) allowing small businesses to write off more of their expenses under <a href=\"http:\/\/www.irs.gov\/formspubs\/article\/0,,id=177054,00.html\">Section<br \/>\n 179<\/a>, 3) an extension of highway programs and a transfer of money to<br \/>\n the Highway Trust Fund, and 4) letting state and local governments<br \/>\n&#8220;borrow at lower cost to finance more infrastructure projects.&#8221;<\/p>\n<p>Liberals typically like more spending in their jobs proposals&#8211;some<br \/>\nwanted the $787 billion stimulus bill (about a third of which was tax<br \/>\ncuts) to spend more, weighing in closer to $900 billion, as was being<br \/>\ndiscussed before moderate senators struck a deal to pare it down&#8211;but<br \/>\nthis time around liberals are praising Reid for scrapping so much of the<br \/>\n Baucus\/Grassley deal, <a href=\"http:\/\/www.theatlanticwire.com\/opinions\/view\/opinion\/Liberals-Applaud-Reids-180-on-Jobs-Bill-2512\">The<br \/>\n Atlantic Wire&#8217;s Healther Horn reports<\/a>.<\/p>\n<p>But it&#8217;s not the bill they&#8217;re happy about: it&#8217;s Reid&#8217;s spine in<br \/>\nrejecting the Baucus\/Grassley deal.<\/p>\n<p>After Baucus&#8217;s health care negotiations with Grassley and a handful of<br \/>\nRepublicans lagged and lagged over the summer, taking much of the<br \/>\nmomentum out of health care reform and, in the end, yielding no GOP<br \/>\nvotes, it&#8217;s hard not to have soured on the idea of a Baucus\/Grassley<br \/>\nnegotiation leading the way forward for the Democratic\/Obama<br \/>\nagenda&#8230;even for liberals who think a larger pricetag would do more to<br \/>\nspur job growth.<br \/>The new bill includes 1) an exemption from Social Security payroll taxes<br \/>\n for workers hired in 2010 who have been unemployed for at lest 60 days,<br \/>\n 2) allowing small businesses to write off more of their expenses under <a href=\"http:\/\/www.irs.gov\/formspubs\/article\/0,,id=177054,00.html\">Section<br \/>\n 179<\/a>, 3) an extension of highway programs and a transfer of money to<br \/>\n the Highway Trust Fund, and 4) letting state and local governments<br \/>\n&#8220;borrow at lower cost to finance more infrastructure projects.&#8221;<\/p>\n<p>Liberals typically like more spending in their jobs proposals&#8211;some<br \/>\nwanted the $787 billion stimulus bill (about a third of which was tax<br \/>\ncuts) to spend more, weighing in closer to $900 billion, as was being<br \/>\ndiscussed before moderate senators struck a deal to pare it down&#8211;but<br \/>\nthis time around liberals are praising Reid for scrapping so much of the<br \/>\n Baucus\/Grassley deal, <a href=\"http:\/\/www.theatlanticwire.com\/opinions\/view\/opinion\/Liberals-Applaud-Reids-180-on-Jobs-Bill-2512\">The<br \/>\n Atlantic Wire&#8217;s Healther Horn reports<\/a>.<\/p>\n<p>But it&#8217;s not the bill they&#8217;re happy about: it&#8217;s Reid&#8217;s spine in<br \/>\nrejecting the Baucus\/Grassley deal.<\/p>\n<p>After Baucus&#8217;s health care negotiations with Grassley and a handful of<br \/>\nRepublicans lagged and lagged over the summer, taking much of the<br \/>\nmomentum out of health care reform and, in the end, yielding no GOP<br \/>\nvotes, it&#8217;s hard not to have soured on the idea of a Baucus\/Grassley<br \/>\nnegotiation leading the way forward for the Democratic\/Obama<br \/>\nagenda&#8230;even for liberals who think a larger pricetag would do more to<br \/>\nspur job growth.<br \/><br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n  <a style='font-size: 10px; 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color: maroon;' href='http:\/\/www.pheedcontent.com\/hostedMorselClick.php?hfmm=v3:bd5e87a69ef0fc77255c7307d8414684:0w1AxKTIo4H0Ws3ibCdAUVh82dRV8pMv3jd%2FxSkAR%2B4b8VBDNYckb9OsF9FUGZiGrF3uEFWUxDL0xA%3D%3D'><img border='0' title='Add to Facebook' alt='Add to Facebook' src='http:\/\/images.pheedo.com\/images\/mm\/facebook.gif'\/><\/a><br \/>\n<br clear=\"both\" style=\"clear: both;\"\/><br \/>\n<a href=\"http:\/\/ads.pheedo.com\/click.phdo?s=e27dcc90f64f20009f4d6a682b46de88&#038;p=1\"><img decoding=\"async\" alt=\"\" style=\"border: 0;\" border=\"0\" src=\"http:\/\/ads.pheedo.com\/img.phdo?s=e27dcc90f64f20009f4d6a682b46de88&#038;p=1\"\/><\/a><br \/>\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"0\" width=\"0\" border=\"0\" style=\"display:none\" src=\"http:\/\/a.rfihub.com\/eus.gif?eui=2225\"\/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/AtlanticBusinessChannel\/~4\/hefCekdZ07I\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senate Majority Leader Harry Reid took the bipartisan-negotiated jobs bill, unveiled by Sens. Max Baucus (D-MT) and Chuck Grassley (R-IA)&#8211;who, by the way, played a central role in health care negotiations last summer&#8211;and slashed it, the headlines say: he took several measures from that bill and produced them as a new proposal&#8211;the first step in [&hellip;]<\/p>\n","protected":false},"author":5681,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-312345","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/312345","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/5681"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=312345"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/312345\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=312345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=312345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=312345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}