Harry Reid Rejects Obama’s Plan To Pay For Jobs Bill
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Senate Majority Leader Harry Reid (Nev.) on Tuesday further distanced his Democratic Conference from President Obama by nixing a major component of the White House’s jobs plan.
Reid said he would revise parts of the proposal that some Senate Democrats have found unpalatable.
Reid told his Democratic colleagues Tuesday that he would put together a new plan to pay for the package after rank-and-file colleagues balked at proposals to limit tax deductions for the wealthy and raise taxes on oil and gas companies.
“There are a wide range of things that we’re looking at, because the only objections I’ve heard from my caucus on the president’s jobs bill deal with the pay-fors,” Reid said. “So we’re resolving that issue as we speak.”
However, Obama has repeatedly made it clear that his proposed offsets are a key part of his plan, saying they completely pay for his legislation and would also reduce the deficit.
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