President Obama’s so-called jobs bill may prove to be dead on arrival, prompting Democrats to consider making drastic changes — cutting the bill into its pieces to drive up the chances of piecemeal passages. The proposal was introduced once it became clear that even Democrats are reconsidering their support for the bill, which has thus far failed to attract needed bipartisan support.
The jobs bill is virtually a resurrection of Obama’s $800-billion-plus 2009 stimulus measure as well as a Social Security payroll tax cut that was enacted last year. What separates it from the stimulus, however, is that the jobs bill is said to be financed by a 5.6-percent surcharge on income that exceeds one million dollars.
The legislation, however, has been a hard sell for Democrats, as House Republicans are unlikely to pass it (threatening not to even bring it to the floor for a vote) and those in the Senate can filibuster at will. Obama has launched a campaign-like crusade to stimulate support for the bill. Last week he insisted,
This is not the time for the usual games or political gridlock in Washington. Any senator out there who’s thinking about voting against this jobs bill needs to explain why they would oppose something that we know would improve our economic situation.
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Senator Charles Schumer, Dem-N.Y. (photo)