President Obama laid out a specific and detailed jobs bill, the American Jobs Act, that would not add a dime to the national debt and would immediately help the unemployed, the poor, and the middle class, along with giving a laundry list of tax deductions to job-creating small companies to promote hiring.
And it’s all doomed because of four key words that will stop even modest approval for the intractable Republicans: asking large corporation and the rich to “pay their fair share.”
That will, undoubtedly, be the reason that the bill is destined to die on the vine, but it is a good example of the difference between the parties.
Obama, and presumably the majority of Democrats, support (based on the President’s speech):
- Extending unemployment benefits to the long-term unemployed
- Extending payroll tax cuts to the poor and middle class
- Providing tax incentives for small businesses to hire the long-term unemployed
- Providing tax incentives for small businesses to hire veterans
- Provide a summer jobs program for students
- Rebuilding the crumbling infrastructure of the nation
- Build a fuel-efficient mass transit system
- Put more teachers back in the classrooms
- Invest in school buildings
Republicans stand for:
- Keeping loopholes open in the tax code that effectively allows the rich and large corporations to pay an inordinately small amount of taxes
- Further lowering taxes for the rich and large corporations
- De-funding social security, Medicare, and Medicaid
The Republican protests will be framed as taxing the job creators, too much government intervention, and adding to the national debt; however, it all comes down to those four little words.
We need to remember a few words of own, with elections fast approaching: What do you believe in?