News
Obama $447B jobs bill in senate this week
Monday, October 10, 2011
This week could see a turning point for President Obama’s US$447 billion jobs bill, which gets its first big political test in the coming days — with Senate Democrats.
Senate Majority Leader Harry Reid, D-Nevada, has set a vote on the package for this week, after members of his party re-wrote the legislation to include a new surcharge on millionaires.
Some Democrats have questioned the size of the US$447 billion package, so this week’s vote will be an interesting test of support for the bill among members of Obama’s own party, though in any case, Republicans may well block passage in the Senate because of the millionaires tax.