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Senate Sets Vote on Next Slice of Stalled Jobs Bill
ABC News ^ | Oct. 21, 2011 | Sunlen Miller

Posted on 10/21/2011 2:03:12 PM PDT by La Enchiladita

The Senate will move forward with another piece of President Obama’s jobs bill the first week in November, following the failure of two separate pieces of the bill Thursday.

Senate Majority Leader Harry Reid, D-Nev., announced in a conference call today that the next part of Obama’s jobs bill that they will now move to is a $70 billion bill to rebuild roads bridges and infrastructure.

The Rebuild America Jobs Act, Reid said, would create “hundreds of thousands” of new jobs. The bill invests $50 billion in immediate projects for roads, rails and airports and another $10 billion for a National Infrastructure Bank that will leverage private and public capital to help fund infrastructure projects.

The bill is paid for by a 0.7 percent surcharge of Americans making over $1 million.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: equatorial; illegals; jobsbill; mexicantemps; nomanufacturing; obamadepression; obamarecession; stimulus; ussenate
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To: La Enchiladita

” - - - The bill is paid for by a 0.7 percent surcharge of Americans making over $1 million.”

Is it Constitutionally legal to have targeted tax increases for specific Federal projects?

How much money will this “surcharge” generate between now and 11-2012?


21 posted on 10/21/2011 6:51:22 PM PDT by Graewoulf ( obama"care" violates the 1890 Sherman Anti-Trust Law, AND is illegal by the U.S. Constitution.)
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To: Graewoulf
Is it Constitutionally legal to have targeted tax increases for specific Federal projects?

Funny you should ask.

If you carefully examine your phone bill, you will find a tax tracing to the Spanish-American War, ostensibly funding the expansion of long-distance phone service.

22 posted on 10/21/2011 6:55:37 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: La Enchiladita

“The Rebuild America Jobs Act, Reid said, would create “hundreds of thousands” of new jobs. “

Harry meant to say BILLIONS of new jobs. When you are lying like a rug what’s a few billion here and there.


23 posted on 10/21/2011 9:31:57 PM PDT by headstamp 2 (Time to move forward not to the center.)
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