Called the Rebuild America Jobs Act, the bill is based on President Obama’s jobs plan, and would invest $50 billion in roads, rails, and runways across the country.
Additionally, the bill would invest $10 billion to establish a National Infrastructure Bank that would mix private and public sector money to support construction projects across the country — without adding a penny to the deficit.
The legislation would be paid for by asking millionaires and billionaires to pay a small 0.7 percent surtax on their income. This would affect less than one percent of Americans.
THE BILL FAILED DUE TO AUTOFILIBUSTER 51-49
Warner and Webb did in fact vote for the Bill their staffers were not very reassuring when I called.
Off topic, but another FAIL:
http://journals.democraticunderground.com/kpete/19962
Austerity on the very people who will spend money. Its not working in Greece and it will not work here. I say tax increases on the wealthy, a financial transactions tax and an increase in the capital gains tax. Use part or all of the proceeds for infrastructure. “Every dollar in infrastructure investment adds 1.59 to GDP.”
Not sure it failed. More like it was murdered.
Good to “see” you again Salunga 🙂
You too! Tough to stay away isn’t it? 🙂
which sounds as bad as I meant it LOL
LOL Thats great news Damnit!
No big surprise there. I may not have much nice to say about either of the two largest parties in the US, but I can pretty well say that the GOP proves itself worse than useless on a daily basis.