Tennessee’s Senators joined their Republican colleagues in blocking President Obama’s 400 billion dollar jobs bill. Last night, the bill failed to get the 60 votes needed to continue in the Senate.
The President’s bill includes about 270 billion dollars in tax cuts and 175 billion dollars in spending on schools, roads, and other infrastructure projects.
To get the economy moving, Senator Lamar Alexander said Congress should consider free trade agreements, tax and regulatory reform, and reform of entitlement programs like Medicare.
Senator Bob Corker said Tuesday’s procedural vote on the jobs bill means the Senate will delay consideration of free trade agreements with South Korea and other countries. Corker says those agreements will do more to spur economic growth than the President’s proposal.
Obama says he will work with Senate Majority Leader Harry Reid to see that individual parts of his bill gain a vote as soon as possible.
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