Veterans’s Job Bill Gets Passed
Posted by Michelle Moquin on 22nd November 2011
Good morning!
So…the latest: The Super Committee failed…no surprise there. Loved Obama’s answer to Congress trying to get out of deficit deal, to undo the automatic cuts that go into affect in 2013. His answer? He simply said “NO”.
And…Obama signed the Veteran’s Job Bill. Kudos!
Obama Jobs Bill: President Signs Bill To Help Unemployed Veterans
WASHINGTON — Heralding a rare moment of bipartisan agreement, President Barack Obama signed into law Monday legislation aimed at helping unemployed veterans find work while putting more cash in the hands of companies with government contracts.
The legislation, which creates tax breaks for companies that hire jobless veterans, marks the first proposal from Obama’s $447 billion jobs bill to be signed into law. The rest of the package of new taxes and spending has largely failed to garner support from Republican lawmakers.
“Because Democrats and Republicans came together, I’m proud to sign those proposals into law,” Obama said during a signing ceremony Monday.
Looming over the brief moment of unity, however, was the apparent failure of lawmakers from both parties to agree on $1.2 trillion in spending cuts ahead of a Wednesday deadline by a special committee. While Obama didn’t directly address the looming deadline, he said the American people deserve bold, bipartisan action.
“My message to every member of Congress is keep going. Keep working. Keep finding more ways to put partisanship aside and put more Americans back to work,” he said.
The veterans’ legislation had overwhelming support from both parties, with the House passing the measure 422-0 and the Senate approving it 95-0. In addition to the tax breaks for businesses, it also beefs up job-training and counseling programs for unemployed veterans.
The legislation also repeals a 2006 law that would have required the federal, state and local governments to withhold 3 percent of their payments to nearly all contractors. That statute, which doesn’t take effect until 2013, was supposed to pressure contractors to pay their taxes in full, but lawmakers now say the law would deny cash to companies that need it to hire more workers.
Senate Minority Leader Mitch McConnell, R-Ky., said passage of the bill showed that it is possible for both parties to reach a consensus.
“By focusing on areas of agreement – rather than partisan stimulus bills – we can pass legislation to help foster job growth. Neither of these measures alone is going to solve the jobs crisis, but they’ll provide relief to job creators and help American veterans,” McConnell said.
McConnell praised Obama for inviting Republican Sen. Scott Brown of Massachusetts to attend the ceremony. It was Brown who had introduced the 3 percent withholding bill.
Brown was joined on stage with the president by two other GOP lawmakers – Florida Rep. Jeff Miller and Tennessee Rep. Diane Black – as well as a handful of Democrats.
The tax credits for hiring veterans will cost the government an estimated $95 million – a tiny fraction of Obama’s overall jobs plan. The credits would be as much as $9,600 for companies hiring disabled vets who have looked for work for more than half a year. The size of the credit would be based on the worker’s salary and how long the worker was unemployed.
The programs would be financed mostly by extending a fee the Veterans Affairs Department charges to back mortgages.
Erasing the withholding requirement for contractors would reduce federal revenues by an estimated $11.2 billion over the coming decade. It would be paid for by making it harder for some elderly people to qualify for Medicaid by changing the formula used to determine their eligibility.
Many economists have said annulling the withholding law would have a minimal impact on hiring.
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General Info: Thanks for your post. A few months late, but I appreciate the info as it was new to me.
Sally: I meant to say something to you yesterday, but in the moment I was responding to you, I was all wrapped up in explaining the “issues” of my blog. So sorry to hear about your experience with both genders of the police. How humiliating.
Erica: You’re asking for the OTWs to help, when the OTWs have been asking for support from the whites and haven’t gotten it. I’m not talking to you per se, and I’m not talking for OTWs, but from what has been said here by OTWs, I doubt the OTWs are going to give much help to this cause when the whites haven’t helped them in their causes. Some, like Cynthia, are smiling saying, “What goes around, comes around”. Can’t blame ‘em.
Barbara: I realize this pepper spray is nothing compared to thousands of pounds of water pressure and broken bones. However new news to me, I just got an e-mail from Change.org and this was what was reported:
“When students covered their eyes with their clothing, police forced open their mouths and pepper-sprayed down their throats,” Brown said. “Several of these students were hospitalized.”
But in my opinion, it shouldn’t have happened then and it shouldn’t happen now. This cowardice police brutality needs to change. Click here to sign the petition.
Paulina: Thank you. I don’t get the opportunity to write like I used to but I do enjoy it when I can. Oh and you can thank Robert for that “mantra”. I rather like it myself, as you can tell. But I would prefer, if it wasn’t something true, that needed to be said.
Hank: Thanks for sharing your story. It was a roundabout way to make a point but I’m happy that you did. :) This is a place to vent, as well as what ever else you want to do. So…Welcome. I HOPE that you’ll continue reading and commenting. And I bet your daughter is proud of you as well.
Ruth: You’re welcome. I too am grateful…grateful that my blog has following who will do something.
HOWIE: Nice to see you back. How are you? What’s up?
From the Desk of Anonz: Thanks for tuning in and keeping me and my readers well informed with information we never would have in a timely manner, if it weren’t for you.
Readers: Let’s prove that we are not all over the political map, and support Obama. We want him for a second term. I am not against a woman president, but the last thing we need are for our democratic votes to get split, and end up with a republican president. Everything bad you can imagine, will happen, if that happens. I’m not willing to go down that road. I HOPE you’re with me on this.
Cain: That story is just disgusting. How people can care more about getting assistance for their football team than a person who has been sexually molested? I’m right there with you on your thoughts.
Melody: Obama passes a Veteran’s Job Bill, the fist lady Michalle Obama supports Veterans at NASCAR, and she gets booed by the crowd. Yep, there is something wrong with this picture.
Out of time – got to run- blog me.
Lastly, greed over a great story is surfacing from my “loyal”(?) readers. With all this back and forth about who owns what, that appears on my blog, let me reiterate that all material posted on my blog becomes the sole property of my blog. If you want to reserve any proprietary rights don’t post it to my blog. I will prominently display this caveat on my blog from now on to remind those who may have forgotten this notice.
Gratefully your blog host,
michelle
Aka BABE: We all know what this means by now :)
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