Thursday, November 06, 2014

GOP's Claim That House Passed 30 Jobs Bills? Bogus.

http://crooksandliars.com/karoli/gops-claim-house-passed-30-jobs-bills-bogus

January 23, 2012 (still accurate)

I keep hearing this ridiculous canard in Republican debates and now from John Boehner about the alleged jobs bills the Republicans have passed that the "Democrat Senate" refuses to act upon. Since I watched the better part of their activity in real time, I know this is a lie. But most people aren't obsessive-compulsive about government and politics and might not realize just how much of a lie it is. So without further ado, let me debunk this claim made by the disingenuous Speaker of the House.

To make sure they back up their public claims with what might appear to be "fact", they've built a page on the House of Representatives site with a list of their so-called jobs bills, which number 27 and not 30 as the Speaker claims. What follows is a list and a brief explanation of why they are not jobs bills. Feel free to share it widely with your friends who might be inclined to believe Mr. Tobacco Lobbyist Check Distributor without questioning it.

HR 3630 - The Middle Class Tax Relief & Job Creation Act of 2011 - This bill does indeed extend the "docfix" and unemployment insurance for a year, but with a hefty price.

In addition to freezing federal workers' pay for three years, it requires issuance of a permit for the Keystone XL Pipeline in advance of the proposed routing by Nebraska, suspends the newly-issued mercury regulations and extends 100% expensing of business equipment (including private jets). Another so-called "jobs bill", HR 1938, was passed giving a November 1, 2011 deadline for the Keystone pipeline.

With regard to unemployment insurance benefits, it cuts the 99-week maximum down to a 59-week maximum by mid-2012, allow states to drug-test UI recipients, and allow states to reduce state unemployment benefits and substitute federal funds. It also cuts funding for key provisions of the Affordable Care Act coming online, and adds the requirement to welfare payments that EBT cards cannot work in strip clubs, liquor stores and casinos.

Provisions were included to auction more broadband spectrum and reclassify the 700mhz D Block as public safety broadband use only, which would be a huge payoff to Verizon Wireless lobbyists, who won that block with requirements that it remain open, after Google challenged the auction process.

It would force Fannie Mae and Freddie Mac to pay increased guarantee fees similar in scope to those due from large banks as a part of the Dodd-Frank Act, means-tests unemployment insurance benefits and food stamp programs and increases Federal employees' contributions to their retirement system by 1.5% while freezing pay, so their pensions take a double-whammy.

Finally, it repeals the new timing rules for estimated corporate tax payments for companies with assets of $1 billion or more so that they can use payments of estimated taxes as a timing tool for fourth quarter profit declarations.

None of the provisions outlined above create jobs. They called it a jobs act, but it was really just an act.

[See the link above for more]

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