By Jay Heflin - 03/24/10 12:47 PM EDT
Sen. Olympia Snowe (R-Maine) criticized Senate Democratic leadership for breaking their promise to move a small business jobs bill before the Easter break, scheduled to begin next week.
"I had been assured that we were going to get a small business package before the recess," she said. "I deferred amendments to the [previous] jobs bill a few weeks ago because the Majority Leader said we'd have a small business bill. Now, it's not going to come before the recess. It's going to come afterwards."
Senate Finance staffers told The Hill a small business jobs bill is in the works, but could not say when the package would be brought forward.
The bill is expected to exempt certain small business stock from capital gains taxes and expand loans to small businesses, among other things.
When asked, Senate Finance Chairman Max Baucus (D-Mont.) could not provide a timeline for moving the bill.
"We've got some ideas," he said. "[But] I don't want to get ahead of myself."
Snowe argued a small business jobs bill is needed sooner rather than later to help turn the economy around.
"We've got a jobless recovery," she said. "So we're going to slowly roll out a job creation bill? In this environment?"