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Republicans outraged over jobs bill

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TEXT OF INTERVIEW

Steve Chiotakis: Though Washington was stuck in snow all week, key senators reached a bipartisan deal on a jobs bill yesterday. But in a surprise move, the Majority Leader, Harry Reid, decided only a slimmed down bill should move forward. Reporter Brett Neely is with us live in our Washington bureau this morning. Good morning, Brett.

Brett Neely: Morning.

Chiotakis: So this was totally unexpected, right? What was Senator Reid's strategy?

Neely: Yeah, I mean the Republicans are really outraged about this -- they say this is one of the few bills that's had a bipartisan consensus recently. But, you know, voters are in a foul mood, unemployment is near 10 percent, and Reid is daring the Republicans to vote against a jobs bill. The original $85 billion bill announced by Senators Baucus and Grassley -- a Democrat and Republican focused heavily on tax breaks for companies that hire new workers and buy new equipment. But many Democrats were worried there were too many tax breaks and not enough emphasis on job creation, and Reid was also sensitive to reports that the bill was becoming a Christmas tree for lobbyists.

Chiotakis: So what happens now, Brett?

Neely: Really hard to say. The bill that Harry Reid wants to move ahead with is a lot smaller -- about $15 billion. It extends a highway spending bill for another year. There's some tax breaks for small business and Buy America bonds for local government, but no one's really happy with it. Republicans are betrayed, feel betrayed, and liberal Democrats say it's way too small to make a difference. So we'll see who holds their nose and votes for this when Congress gets back to work after its recess next week.

Chiotakis: Brett Neely reporting from Washington. Brett, thanks.

Neely: Thank you.

About the author

Steve Chiotakis was the host of Marketplace Morning Report until January 2012.
Rob Hodgetts's picture
Rob Hodgetts - Feb 13, 2010

The slashing of the jobs bill by Reid is a further indication that he is our of touch with the needs of the citizens of this country. The original draft would have passed before the end of Feb. Now we will all wait and watch the dems screw up a done deal that would have helped lower the unemployment rate.

MIKE ENLOW's picture
MIKE ENLOW - Feb 12, 2010

It's obvious, Sen. Reid has more interest in playing politics than creating tax incentives that could spur hiring & create jobs. He is another who seems to forget whose money he's spending.

Ned D's picture
Ned D - Feb 12, 2010

So let me get this straight, The democrats decided to be more frugal with the bill and the republicans complained about it?

I say follow the money. I bet a lot of what was cut was stuff that was supposed to go to republican lobbyists. Republicans need a ton of money for the mid-terms and they're not delivering to their special interest funding sources.