Politics

Neither side happy with jobs bill being pushed through Congress

Neither group [Republicans and Democrats] will be completely happy with the jobs bill being pushed through Congress. The $192 billion “American Jobs and Closing Loopholes Act of 2010,” which could be approved in the House as soon as Wednesday and later this week in the Senate, largely keeps in place the policies that Democrats have pushed over the past year to deal with the recession as unemployment remains at almost 10 percent.

Although Democrats have cast the bill as a major job creation provision, the bulk of the money goes to keeping current payment rates for doctors under Medicare ($65 billion), aid to states for Medicaid ($24 billion) and unemployment benefits ($47 billion). The bill continues the unprecedented expansion of benefits for people out of work that started under the Bush administration back in 2008 but has expanded vastly under President Obama.

Full story: Neither side happy with jobs bill being pushed through Congress