Harry Reid shows his Balls
(Cookfish gasps and feints!)
Reid Tosses Bloated Bipartisan Jobs Bill For Something Leaner
The Senate's bipartisan jobs package, which had robust support from the White House and the GOP, but was packed with corporate giveaways, lasted less than a day.
Senate Majority Leader Harry Reid (D-Nev.) emerged from a Democratic Caucus meeting Thursday afternoon to announce that he had decided to scrap it, in exchange for a much-simplified package.
The new bill drops disaster assistance and extensions of unemployment insurance and COBRA helath-insurance subsidies, all Democratic priorities which will need to be addressed before they expire within the next few weeks.
But Reid also ditched one of K Street's highest priorities, an extension of soon-to-expire tax breaks that are highly beneficial to major corporations, known as tax extenders, as well as other corporate giveaways that had been designed to win GOP support.
Reid didn't mince words. "We're going to move this afternoon to a smaller package than I talked about in the press," he told reporters following a meeting with his Democratic caucus. "We're going to do a bill that has four things in it."
Some liberals were disappointed that more Democratic priorities, including unemployment and health care benefits, weren't being included, said staff briefed on Thursday's meeting. But in their misery, they were comforted by the fact that the top Republican priority was also stripped from the package. K Street has been lobbying furiously for tax extenders that had been included in the Finance package.
Reid alluded to the real author of those tax extenders. "We are not going to confuse this with tax extenders," he said. "One of my favorite stories was -- I think it was in the New York Times -- one of you wrote about 'Democrats introduce a jobs bill, but most of it was written by lobbyists downtown.'" Reid said the new bill could not be mistaken for the work of lobbyists. Or, as he put it: "No one's written what we're going to bring up downtown."
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