Vote Expected On Jobs Bill

10.10.11 | Jeremy Miller

The senate is on pace to vote on President Obama's $447 billion dollar jobs package. 60 votes are needed to overcome Republican efforts to block the measure. The bill would cut payroll taxes, extend unemployment benefits, give tax credits for raising wages or hiring out of work veterans or the long term unemployed, and invest in rebuilding schools and road. It would be paid for with a 5 percent tax on people making over a million dollars. Chances are slim that the entire package will pass. Even if it passes the senate, it likely will not pass the house. Both the President and Vice President are hitting the road again this week. They'll be making a pit stop in Pennsylvania. No President since Franklin Delano Roosevelt has won re-election with an unemployment rate over 8-percent.