Wednesday, February 24, 2010

I'm So Confused

Here's what I don't get about the jobs bill.

The idea behind the jobs bill is simple - suspend payroll taxes on new employees and give tax breaks to companies that make new hires before December. But there's a contradiction in here for both sides of the political aisle, and it is this: Liberals have long argued that higher taxes don't affect employment much, yet are touting a break from taxes as a big job-creator. Conservatives have argued that lower taxes create jobs, but are arguing against a tax break for new hires on the grounds that it will not do anything.

What. The. Hell?

Oh, and here's a fun fact - the cloture motion on the jobs bill passed 62-30. The bill itself passed 70-28. Doesn't the vote usually go the other way - people are willing to let the Senate vote on it but want to vote against it themselves? What's the rationale behind trying to block a bill but then voting for it?


Miguel said...

Politicians on both sides of the spectrum really have little clue as to how economics really work. 'Nuff said.

Matthew B. Novak said...

Well said Miguel. Of course, economists really have little clue as to how economics really works, so...

The vote differentials are explained in their entirety by the Republican election strategy. Stop all Democratic bills from passing if you can, but take credit for bipartisanship and job creation in your home state if you can't stop the bills. I'd be willing to bet that most of those extra votes came from people facing reelection.

Jarrett said...

I've just decided to punt on trying to figure out anything in washington anymore