Senate Majority Leader Harry Reid (D-Nev.) is rewriting a jobs bill after Democrats complained of too many concessions to Republicans.
Reid announced Thursday that he would cut drastically back on the jobs bill Senate Finance Committee Chairman Max Baucus (D-Mont.) introduced only hours earlier, essentially overruling the powerful chairman.
The Finance Committee estimated that Reid’s proposal would cost approximately $15 billion.
The Baucus bill, which was estimated at $85 billion, included $31 billion in tax extenders that Reid has decided to leave out. A Senate Democratic leadership aide said Reid decided to drop the tax extenders after Senate Minority Leader Mitch McConnell (R-Ky.) declined to endorse the Baucus package.
“We’re going to move this afternoon to a smaller package than talked about in the press,” Reid said.
Max Baucus, after totally fucking up the health care reform bill, tried to make this jobs bill as Republican as possible. He has shown that he can't be trusted to handle major Democratic legislation. And its good to see that finally Reid has woken up to that fact.