Dems plan jobs bill, challenging GOP's acts

[TomCADem]

Source: Associated Press

WASHINGTON (AP) -- Scuffling over jobs and taxes, congressional Democrats began refining their election-year jobs package Tuesday in a challenge to Republicans to balance their party's complaints about big spending with action to help unemployed Americans.

At the same time, the Democrats' effort promises to test President Barack Obama's own ability to set the legislative agenda,

Democratic senators were seeking bipartisan support for tax incentives to businesses that add payroll this year. Many Republicans were noncommittal, but they promised an election year fight against Obama's long-stated plan to let income tax rates return to higher levels for families making more than $250,000 a year.

Republicans said the income tax increases would hurt the same small businesses Obama is trying to help, because many small businesses are taxed the same as households. Many Democrats have opposed the tax cuts, initiated by President George W. Bush, for years.


Read more: http://finance.yahoo.com/news/Dems-plan-jobs-bill-apf-2455182229.html?x=0&sec=topStories&pos=4&asset=&ccode=

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I guess the GOP is going to roll out Joe The Plumber again. Finally, with respect to small businesses, that $250,000 would only apply to $250,000 in net income, not gross, and it is assuming that much of the small businesses income has already been reduced due to tax deductions.

[northofdenali]

1. CETA worked in the 70's.

It would work again today. I was working for county government, an EEO program, because of CETA, and wound up with lots of job prospects after the government-assisted (NOT fully funded) program ended.