By Alexander Bolton - 09/15/11 03:02 PM EDT
Senate Republican Leader Mitch McConnell (Ky.) on Thursday panned President Obama’s jobs bill as a sequel to the 2009 stimulus bill that Republicans consider a failure.
“It’s time to change course,” he said on the Senate floor.
McConnell and other Republicans have dismissed Obama’s proposal to limit tax deductions for the wealthy and increase the tax rate for hedge-fund managers as nonstarters.
“Here’s the bottom line: Two and a half years after the president signed the first stimulus, there are 1.7 million fewer jobs in this country, 1.7 million fewer jobs after borrowing and spending $825 billion to create them,” McConnell said.
Reid on Tuesday argued that the jobs bill included a $240 billion payroll tax cut, something Republicans have supported in the past. He said they have no excuse to block it.
“There are things in that bill that have been accepted over the years routinely by Republicans — tax cuts,” Reid said. “It would seem to me that what they could have done very easily that would have been I think very smart on their behalf and good for the American people is say, ‘OK, here's what we like and we'll pass this.’ "