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House Republicans Debut New-Jobs Plan

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House Republicans Debut New-Jobs Plan

Post by gigichicago on Thu May 26, 2011 5:04 pm

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Re: House Republicans Debut New-Jobs Plan

Post by MaryKayCoyne on Thu May 26, 2011 5:27 pm

There is only one reason they are unveiling this now, they are starting to feel the pressure of the "funny" unemployment numbers and they are feeling the pressure of people who elected them and nothing has changed or has been introduced to make changes. This plan has no specifics except of course for tax cuts and we know why that's in there, most of their ideas, while not completely awful, address no immediate needs and guarantee nothing to the unemployed, particularly now that states are rolling back unemployment, to say nothing at all about the 99ers plight. The only good thing we can take from this is they are feeling the heat.It's about damn time.

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Re: House Republicans Debut New-Jobs Plan

Post by Sunrise on Thu May 26, 2011 5:57 pm

MaryKayCoyne wrote:There is only one reason they are unveiling this now, they are starting to feel the pressure of the "funny" unemployment numbers and they are feeling the pressure of people who elected them and nothing has changed or has been introduced to make changes. This plan has no specifics except of course for tax cuts and we know why that's in there, most of their ideas, while not completely awful, address no immediate needs and guarantee nothing to the unemployed, particularly now that states are rolling back unemployment, to say nothing at all about the 99ers plight. The only good thing we can take from this is they are feeling the heat.It's about damn time.

My take on this after having read another thread on here is that they are setting the stage for HR 1745 passage (the JOBS Act) that pretty much will gut unemployment benefits if states decide to implement certain portions of it.

States could use the remaining temporary Federal unemployment funds to pay
back interest or principle on Federal unemployment loans, or use it for regular or extended unemployment benefits.

http://www.american99ersunion.com/
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Re: House Republicans Debut New-Jobs Plan

Post by jan99 on Thu May 26, 2011 6:42 pm

That is definitely HR 1745.

This is from the article:


Instead, the plan relies on standard Republican themes such as cutting taxes, reforming the tax code.

This is a section of HR 1745
:

Title III of the Social Security Act (42 U.S.C. 501
13 and following) is amended by adding at the end the fol14
lowing:
The Social Security Act (Sec 501) is part of the Internal Revenue Code (The Tax Code).

Here is the text of the JOBS Act of 2011 (HR 1745)


http://waysandmeans.house.gov/UploadedFiles/JOBS_Act_Introduced_050511.pdf

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Re: House Republicans Debut New-Jobs Plan

Post by Phillymg on Thu May 26, 2011 8:00 pm

Fortunately that job-killing bill is highly unlikely to get 60 votes in the US Senate. After the Repubs repeatedly delayed UI-extension bills all last year by requiring 60 Senate votes.....it's about time they get payback from the American people. A taste of their own medicine. However nothing is to be taken for granted & voters must keep pushing their Senators to vote 'no' on that murderous HR1745 bill.

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Re: House Republicans Debut New-Jobs Plan

Post by Exhausted99er on Thu May 26, 2011 8:06 pm

No, 1745 will never pass in the Senate, but there is a lot of room for compromise - the GOP is going to have to give a little on this one or it will be dead in its tracks.

How about adding 14 weeks to Tier 1 included in this somewhere? Very Happy

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Re: House Republicans Debut New-Jobs Plan

Post by Phillymg on Thu May 26, 2011 8:24 pm

Give a little?? Sorry to disagree. The entire HR1745 bill sux. How about that putting Social Security in with the IRS?? That means all the $$ the Treasury has borrowed from the SS Trust Fund would disappear. The debt would be wiped 'clean' & then SS would truly be in big big trouble.

Every single thing in the bill is designed to make the wealthiest 10% richer (esp. the richest 2%) & simultaneously to kill off the middle class. Yes the JOBS bill will create JOBS.....IN INDIA, CHINA, & BRAZIL!! Not to mention in South Korea, Colombia, & Panama that are in the bill.

Not only does the bill not get rid of the special tax-break rewards for US corporations that ship American jobs overseas.....it adds *EVEN MORE* special tax breaks for companies that offshore & outsource jobs.

HR589 is included in *THE PEOPLE'S BUDGET* which needs a VOTE in Congress. Yesterday the Senate voted on 4 budgets but not 1 of them was THE PEOPLE'S BUDGET. I'm disgusted with Harry Reid right now.

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Re: House Republicans Debut New-Jobs Plan

Post by unemployed2long/1208 on Thu May 26, 2011 8:28 pm

Phillymg wrote:Give a little?? Sorry to disagree. The entire HR1745 bill sux. How about that putting Social Security in with the IRS?? That means all the $$ the Treasury has borrowed from the SS Trust Fund would disappear. The debt would be wiped 'clean' & then SS would truly be in big big trouble.

Every single thing in the bill is designed to make the wealthiest 10% richer (esp. the richest 2%) & simultaneously to kill off the middle class. Yes the JOBS bill will create JOBS.....IN INDIA, CHINA, & BRAZIL!! Not to mention in South Korea, Colombia, & Panama that are in the bill.

Not only does the bill not get rid of the special tax-break rewards for US corporations that ship American jobs overseas.....it adds *EVEN MORE* special tax breaks for companies that offshore & outsource jobs.

HR589 is included in *THE PEOPLE'S BUDGET* which needs a VOTE in Congress. Yesterday the Senate voted on 4 budgets but not 1 of them was THE PEOPLE'S BUDGET. I'm disgusted with Harry Reid right now.


And go along with the 1.2 billion the pres. wants to give to egypt and tunesia.
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Re: House Republicans Debut New-Jobs Plan

Post by Exhausted99er on Thu May 26, 2011 9:50 pm

Phillymg wrote:Give a little?? Sorry to disagree. The entire HR1745 bill sux. How about that putting Social Security in with the IRS?? That means all the $$ the Treasury has borrowed from the SS Trust Fund would disappear. The debt would be wiped 'clean' & then SS would truly be in big big trouble.

Every single thing in the bill is designed to make the wealthiest 10% richer (esp. the richest 2%) & simultaneously to kill off the middle class. Yes the JOBS bill will create JOBS.....IN INDIA, CHINA, & BRAZIL!! Not to mention in South Korea, Colombia, & Panama that are in the bill.

Not only does the bill not get rid of the special tax-break rewards for US corporations that ship American jobs overseas.....it adds *EVEN MORE* special tax breaks for companies that offshore & outsource jobs.

HR589 is included in *THE PEOPLE'S BUDGET* which needs a VOTE in Congress. Yesterday the Senate voted on 4 budgets but not 1 of them was THE PEOPLE'S BUDGET. I'm disgusted with Harry Reid right now.

The House already passed a budget - the "Path to Ruin". Nothing is going to be resolved any time soon on this. It is going to come down to the 11th hour as usual. This is going to be fought over right through August 2. I hope we don't have to wait that long to see any relief for the unemployed.

Reid's not stupid. He brought these budgets to the floor because he knew they would be voted down. I wish I had the link to the article where the GOP, in particular, Mitch McConnell, blasted him for doing this. It is going to take time to garner support for anything like the 'People's Budget'.

I agree that HR 1745 sux, but it doesn't provide tax incentives for outsourcing. The provisions allow states to keep their SUTA rate down and create incentives to hire. I know it won't work and you know it won't work, but that is how they are selling it.

It doesn't promote shipping more jobs overseas.

I watched the live stream of the W & M Committee hearing on this bill - Rep. Levin was spot on when he said they were renegging on the deal that was made in December. Time to eliminate the tax cuts that were extended for two years in that compromise if want to push this bill forward! Fair is fair. If they want to gut EUC08 - tax the rich!

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Re: House Republicans Debut New-Jobs Plan

Post by Phillymg on Thu May 26, 2011 10:50 pm

Exhausted 99er--we certainly do agree on many more things than we disagree on. We are united.

However at least according to this article by The Washington Times the HR1745 bill absolutely does offer additional tax incentives to US companies to keep offshoring American jobs.

http://www.washingtontimes.com/news/2011/may/26/house-republicans-debut-new-jobs-plan/
Reforming the tax code for American companies doing business overseas.

As we know the WH & the GOP are pretty much in lock-step as far as encouraging outsourcing & offshoring of American jobs. Compliments of Tim Geithner.

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Re: House Republicans Debut New-Jobs Plan

Post by Exhausted99er on Thu May 26, 2011 11:51 pm

Philly, it is only certain sections of the Tax Code, mainly the provisions that deal with benefits and unemployment compensation. Those provisions of the IRC are outlined in the bill.

Please don't get me wrong HR 1745 sux and the way it was handled stinks even more. Boehner and Cantor knew this was in the works when they met with Reps Lee and Scott over a month ago, yet told her to work with the W & M Committee! Who is the Chair of that committee ....David Camp, the Sponsor of this bill and two of his cronies who co-sponsored are also on the W & M Committee!

http://waysandmeans.house.gov/UploadedFiles/JOBS_Act_Introduced_050511.pdf

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Re: House Republicans Debut New-Jobs Plan

Post by Phillymg on Fri May 27, 2011 12:02 am

Curious that the Republicans chose to *advertise* HR1745 as--
reforming the tax code for American companies doing business overseas.
So what Cantor/Boehner mean is that.....by reducing payments of unemployment benefits to laid-off Americans.....their bill will *HELP* American companies 'do business overseas' ('ship more jobs overseas').

???????????????????????????????????????????????????????

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