House Democrats Offer Election-Year Jobs Plan

[AmyStrange]

House Democrats Offer Election-Year Jobs Plan
Wed Jun 16, 3:34 PM ET
By Thomas Ferraro

FROM: http://story.news.yahoo.com/news?tmpl=story&u=/nm/20040616/pl_nm/congress_democrats_dc_1
WASHINGTON (Reuters) - Democrats in the U.S. House of Representatives proposed an election-year plan on Wednesday to create and keep jobs in the United States, and accused President Bush (news - web sites) of failing to protect Americans whose jobs have been shipped overseas.

With a price tag of $125 billion over 10 years, their initiative would include steps to: eliminate tax breaks that encourage firms to send jobs abroad; help prepare Americans for emerging technologies, and provide a tax credit for companies that create jobs in the United States.

Democrats figure their proposal, similar to one by presidential candidate John Kerry (news - web sites), may also help them win back control of the Republican-led House in the November elections.

"We are hoping to prod them (the Bush administration)," Rep. George Miller, a California Democrat, told a news conference. "What we really hope to do is change administrations in November with somebody who cares about American workers."

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[JohnLocke]

1. I don't like it when people spam the board...

[MallRat]

3. Spam?

Ou est la Spam?

-MR

[MallRat]

2. $125B over 10 years? That's bang for the buck.

Wow. I'll have to look at the nitty-gritty details behind the proposal.

Seeing as Bush is well on his way to spending $125B in just ONE year in Iraq, I'd have to say that on the surface, this sounds like a better use of our tax dollars.

[Don_G]

4. I Think It's Well Overdue

And that no federal contracts should go to those companies that establish a PO Box in Bermuda or the Cayman Islands to avoid taxes. Acenture's $10 Billion contract is but one example.

[GOPBasher]

5. That's quite an investment.

$12 billion a year for that kind of economic return. Now that's smart fiscal/economic policy, for once.