Despite shaving another $22 billion off the price tag of H.R. 4213, the unemployment insurance, jobs and tax extenders bill, the Democrats this afternoon failed for the third time in three weeks to defeat a Republican filibuster. As a result, Majority Leader Sen. Harry Reid [D, NV] is giving up and moving onto other legislative matters.
Spooked by concern about deficits, the Senate shelved a spending bill that included an extension of unemployment benefits, suddenly cutting off a federal cash spigot opened by President Barack Obama when he took office 18 months ago.
But you never know, we just might get another tax credit:
“In effect, I think what we’ve done is pull ahead a lot of sales,” de Ritis said. “And we’re just realizing now that we’ve pulled ahead many more of the sales than we had anticipated.”
Still, the number is so bad that it makes a decent case for an extension and retuning of the tax credit, de Ritis said.
(hat tip: CR)
*editor’s note: I’m going to move this post to the sideblog shortly.