Democrats kill their own jobs bill

Which is fine, but notice the reason: tax cuts!

Sen. Dianne Feinstein (D-Calif.) said she’d like fewer tax cuts and more provisions increasing lending to small businesses.

“It is my belief that tax credits only go to people who are making money, and they generally keep it,” she told reporters.

Sen. Tom Harkin (D-Iowa) argued that if lawmakers plan to extend corporate tax breaks, they would also extend employment insurance.

“He’s trying to keep it simple,” Harkin said of Reid. “But what I think ought to be in the package is unemployment insurance for one year.”

Baucus had loaded his bill with tax cuts in the hopes of attracting Republican votes — a decision that outraged many Democrats who thought his bill would do little to create new jobs.

Under Democrat rule, allowing people to keep what they earn is an anathema – you come crawling to the party for a handout or don’t apply at all. But remember, the Democrats are the party of small business!

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One response to “Democrats kill their own jobs bill

  1. '73Refugee

    Obama and the rest of the economic illiterati demand banks increase lending even as federal regulators demand these same banks lower their risk profile and increase their reserves.

    All while businesses, especially small businesses, see no growth, no reason to hire and no good reason to borrow.

    With no changes in the Obama team’s economic approach, this recession looks like it will last another 3 years.

    Just perfect.