Ezra Klein throws it out there, and I could see it working.
On Feb. 5, 2011, the president signed the Economic Growth and Deficit Reduction Act of 2011 into law. The legislation lifted the employer-portion of the payroll tax for a year, approved more than $50 billion in infrastructure investments, and cut the deficit. The markets cheered the move, and employers, realizing that consumers were about to have more money in their pockets and that hiring new employees had suddenly become a bargain, quickly moved to expand their labor forces. It was a coup not just for the president, but for the new speaker of the House.
Six days after the 2010 election, John Boehner and Mitch McConnell were invited to the White House to meet with President Obama. When they got there, they found Obama and Pete Rouse sitting at a table with a single piece of paper in front of them. It was a clipping of Gov. Mitch Daniels’s September op-ed proposing a conservative stimulus plan. “Congratulations on your win last week,” said the president. “You really thumped us. What do you think of this?”
Frankly, this is the type of bi-partisan legislation that makes sense…but I doubt Republicans in the House (especially the Tea Party crew) will want to work on any legislation that appears as if they’re spending money. Because let’s remember, they derided legislation to help the unemployed that was paid for by spending cuts and would have reduced the budget deficit (according to the CBO). If that’s the case, any agreement on bills like the above are doubtful.
This entry was posted on Wednesday, November 3rd, 2010 and is filed under Bipartisan, Democrats, Legislation, Republicans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.