Last Thursday, the Senate revealed its bipartisan, $85 billion jobs bill that has taken weeks of negotiation to draft, primarily through the efforts of Senators Max Baucus (D Montana) and Chuck Grassley (R Iowa). However, majority leader Harry Reid scrapped the bill just hours later and replaced it with a much smaller $15 billion version that includes watered-down tax credits and small business assistance. Reid plans to unveil a series of similar small measures to help job creation and unemployment. He hopes his strategy will “force Republicans to take a series of tough votes against generally popular measures like the tax cuts, extension of unemployment and health benefits, and popular business tax credits originally included in Baucus and Grassley's plan."
Source: http://www.time.com/time/politics/article/0,8599,1964397,00.html?xid=rss-topstories#ixzz0fjMV67p8
Additionally, Reid hopes to banish unrelated provisions from his new bills; the original jobs bill included disaster relief for several states and an extension of the Patriot Act. The unrelated provisions were considered by many to be essential in gaining the support of influential Republicans on the Senate Finance Committee.
Source: http://articles.latimes.com/2010/feb/11/business/la-fi-obama-economy12-2010feb12
Stay tuned for more info on jobs and commentary on Reid's efforts in the Senate!
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