In returning from a short recess in September, Senate Democrats have said that they will not take up Obama’s jobs plan immediately.
Despite the urgency to ‘pass this bill right away’, as reiterated by President in his jobs plan speech, the first task at hand is to pass a bill that will punish China among other countries for currency manipulation.
Democrat Senator Harry Reid says, “We understand that there’s conversations going on about the president’s jobs bill which I support, I’m in agreement with. We’ll get to that. But let’s get some of these things done that we have to get done first.”
Senate Republicans, who are most likely to block the bill, find the Democrats’ stance on the President’s jobs plan rather amusing, as it prevents the House from taking a quick vote to put the unemployed back to work if not putting more money into their pockets.
While Democrats say that there is ‘broad support’ for this jobs plan that Obama proposes, and it just needs a little more time to be sold to the public, some people think differently.
Some Democrats do not like the idea of cutting payroll taxes further while others are in not favor of how the President will pay for the plan, in the form of increased taxes for the rich and the ending of subsidies for oil and gas companies.
However, at some point of time in October, the President’s proposal will face a Senate vote, and what remains to be seen is if the bill faces ‘bipartisan resistance’ or not.