Top Republicans in the House and Senate put the kibosh Tuesday on President Obama’s plan to pay for a $447 billion jobs bill by closing tax loopholes and ending tax credits benefiting wealthy Americans. But the fine print in Obama’s jobs bill actually treats the tax increases as an enforcement mechanism — a trigger — and the jury’s still out on whether they’ll accept the actual pay-for in the jobs bill, which tasks the joint deficit Super Committee with finding the offsets.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=107262