On the recordNovember 16, 2011
I believe this bill will pass with overwhelming support. Nearly everyone agrees that the 3 percent withholding provision should be repealed. It was a misguided approach when it was enacted by the last Republican Congress and it is misguided now. That is why we tried to repeal it earlier and ultimately delayed its implementation. Its repeal, however, should not be claimed as a significant jobs bill. As economist Mark Zandi has said, ``I don't think it's meaningful in terms of jobs. It's more trying to clean up something that needs cleaning up.'' The veterans provisions added by the Senate are a real jobs bill. They are a useful start in helping those who have loyally served our Nation find work, and I would hope all of us support them, including the tax credits to encourage businesses to hire veterans. Most on our side support these provisions, and they were included in the President's jobs proposal. But no one should consider these modest steps as a substitute for action on the President's comprehensive jobs plan, which Republicans have so far blocked. The President's jobs plan includes a payroll tax cut that would save the average family $1,500 a year. It includes tax credits for hiring the long-term unemployed, payroll tax cuts for hiring, and incentives to invest. It includes an infrastructure bank, and $75 billion to build roads and schools.…





