Did you know the 30 so-called House passed "jobs bills" aren't jobs bills at all?
- ndmagicmanLv 77 years agoFavorite Answer
Here is an example of what Republicans are calling a 'Jobs Bill'.
HR 3630 - The Middle Class Tax Relief & Job Creation Act of 2011 - This bill does indeed extend the "docfix" and unemployment insurance for a year, but with a hefty price.
In addition to freezing federal workers' pay for three years, it requires issuance of a permit for the Keystone XL Pipeline in advance of the proposed routing by Nebraska, suspends the newly-issued mercury regulations and extends 100% expensing of business equipment (including private jets). Another so-called "jobs bill", HR 1938, was passed giving a November 1, 2011 deadline for the Keystone pipeline.
With regard to unemployment insurance benefits, it cuts the 99-week maximum down to a 59-week maximum by mid-2012, allow states to drug-test UI recipients, and allow states to reduce state unemployment benefits and substitute federal funds. It also cuts funding for key provisions of the Affordable Care Act coming online, and adds the requirement to welfare payments that EBT cards cannot work in strip clubs, liquor stores and casinos.
Provisions were included to auction more broadband spectrum and reclassify the 700mhz D Block as public safety broadband use only, which would be a huge payoff to Verizon Wireless lobbyists, who won that block with requirements that it remain open, after Google challenged the auction process.
It would force Fannie Mae and Freddie Mac to pay increased guarantee fees similar in scope to those due from large banks as a part of the Dodd-Frank Act, means-tests unemployment insurance benefits and food stamp programs and increases Federal employees' contributions to their retirement system by 1.5% while freezing pay, so their pensions take a double-whammy.
Finally, it repeals the new timing rules for estimated corporate tax payments for companies with assets of $1 billion or more so that they can use payments of estimated taxes as a timing tool for fourth quarter profit declarations.
None of the provisions outlined above create jobs. They called it a jobs act, but it was really just an act.
- Shaun HoltLv 67 years ago
What does it matter? They have no chance of passing the Senate anyway.
It doesn't matter if the House passes a bill that'd lower unemployment to 4%, or if they passed a bill declaring spitting on sidewalks an offense punishable by death. Nothing they do will pass the Senate, and if it does, the President will veto it.
We have a do-nothing government.
Anything the House passes, the Senate blocks.
Anything the Senate passes, the House blocks.
- robzuc97Lv 77 years ago
I know a lot of oil workers not doing a damned thing right now due to federal restrictions on land lease not to mention the stalled Keystone XL all pert of Obama's plan to make energy prices "necessarily skyrocket". Reason why gas went up one dollar under ten presidents and 2.5 under one socialist one.
- EdwardLv 67 years ago
Thank you for the link, I think I will bookmark it and use it myself in the future
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- How would I KnowLv 77 years ago
Hrmmm.. tough call.
On one side we have every credible economist on earth who says that those plans would have created jobs.
On the other side we have mindless, uneducated Obamabots who repeat whatever their political puppet masters tell them.
I just can't figure out which side is more credible here..
- Brown9501Lv 57 years ago
I didn't figure any of them were.
I figured they were tax giveaways for the wealthy.
- ChuckLv 77 years ago
crooksandliars.com, what a reputable website.
- Anonymous7 years ago
YES,,they are..that is why reid tables them