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Debt ceiling, Part Deux.
House GOP to collide with Obama over jobs | Susan Ferrechio | Politics | Washington Examiner
House GOP to collide with Obama over jobs | Susan Ferrechio | Politics | Washington Examiner
This political impasse will likely mean that no big jobs bill will get signed into law anytime soon.
"I don't think there will ever be a comprehensive jobs bill," Democratic strategist Doug Schoen told The Washington Examiner. "The gap is too wide."
Cantor on Monday outlined a series of bills the House will take up in September, including the repeal of regulations Republicans deem burdensome to businesses. Key among those are new standards and rules about to be implemented by the Environmental Protection Agency that are aimed at curbing pollution from power plants, farms and industry.
The Republican agenda will also take aim at the National Labor Relations Board with legislation that responds to the NLRB's recent decision to try to block Boeing from moving aircraft production to a new plant in South Carolina. The proposed bill, "Protecting Jobs From Government Interference Act," would prohibit the NLRB from restricting where a company can move production, Cantor said in the memo.
The GOP agenda will also include a huge tax break for small businesses that would allow them to take a tax deduction equal to 20 percent of their income. Cantor said this tax cut would "free up funds for small-business people to retain and hire new employees, and reinvest in and grow their businesses."