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Darker

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Submitted By darkranger
Words 455
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House Republicans scoffed at Obama’s suggestion to fund the jobs proposal by raising taxes on high-end earners, private jet owners, and oil and gas companies. They gently rejected his call for extending unemployment insurance benefits without the promise of reform. They compared the president’s infrastructure bank program to embattled financial institutions Fannie Mae and Freddie Mac, describing both as black holes for tax dollars.

That’s not all.

Anything that looks like the 2009 stimulus law won’t fly either, so more than $45 billion for rehabilitating schools and homes is essentially dead on arrival.

“I don’t believe members are going to be interested in pursuing that,” House Majority Leader Eric Cantor (R-Va.) told reporters Monday. “I’m certainly not. There are perhaps laudable goals behind all the proposals, [but] the fact is we don’t have the money. And we’ve got to prioritize. And right now, it’s about getting people back to work.”

The surest bet is Obama’s $240 billion proposal to slash the payroll tax in half for workers and employers. Republicans are increasingly questioning whether the tax holiday actually creates jobs, but if they oppose it, they could be blamed for a tax hike next year once the current holiday expires. This could be a significant win for the president.

But a different tax provision — Obama’s $4,000 tax credit for employers that hire the long-term unemployed — probably isn’t likely to pass, as Republicans signal a coolness to the idea.

There are stylistic differences as well. Like a teenager annoyed by a nagging parent, House Republicans recoil each time Obama demands that they “pass this bill.” They don’t like that Obama sent it to Capitol Hill as a single legislative package. They have no intention of signing off on most of the proposal, let alone the whole thing, lawmakers and aides say.

“I don’t think the

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