Right-wing sheep like to complain that Obama’s policies have failed, but two major bills that would have brought jobs back to America were blocked by Republican filibusters.
Senate Republicans on Thursday rejected a bill to aid small businesses with expanded loan programs and tax breaks, in a procedural blockade that underscored how fiercely determined the party’s leaders are to deny Democrats any further legislative accomplishments ahead of November’s midterm elections, The New York Times’s David M. Herszenhorn reported.
The bill would create a $30 billion lending program within the Treasury Department, to be administered through local banks. It would also provide more than $12 billion in tax breaks, and would expand or enhance existing lending programs.
Republicans had also wanted amendments on other topics, including the estate tax, nuclear loan guarantees, border security and the expiring Bush tax cuts.
Washington (CNN) – Senate Republicans successfully blocked a bill from coming to the Senate floor Tuesday that Democrats claim would help keep American jobs from going overseas.
The Democratic bill would have ended certain tax breaks for companies expanding overseas while giving new tax incentives to businesses bringing jobs home.
Republicans have yet to offer any bills that would create jobs, yet they are running on a platform that Obama’s policies aren’t working. The $550 billion in spending from the stimulus did indeed create or save millions of jobs. The $300 billion or so in tax cuts that were put in the stimulus to appease a few conservatives did very little to stimulate the economy. Right-wingers lie (as usual) and claim that the stimulus was a trillion dollars in wasteful spending and that’s what created the $14.5 trillion dollar debt.
Right-wingers live in a fantasy land.