In a Senate floor speech Thursday, Republican Leader Mitch McConnell, R-Ky., called out his Democratic colleagues for stalling a vote on the bipartisan Jumpstart Our Business Startups Act while “scheming” to highlight wedge issues.
The legislative package has been heralded by Republican lawmakers as a way to ignite the economy by removing government regulatory barriers. One provision of the bill that’s come under criticism would ease disclosure requirements for smaller companies when they register with the Securities and Exchange Commission.
However, the bill has been supported by President Obama and easily passed the GOP-controlled House by a 390-to-23 vote.
Citing a report in Politico, McConnell says Senate Democrats—specifically U.S. Sen. Chuck Schumer, D-Ny.—are more interested in 30-second campaign attacks than supporting a jobs plan that has support in both parties and the White House.
“They want to pick a fight, rather than get this bill to the president’s desk,” he says. “Their plan isn’t to work together to make it easier to create jobs, but to look for ways to make it easier to keep their own. Then use it for campaign ads in the run-up to the November elections. I mean, if you’re looking for the reason Congress has a 9 percent approval rating, this is it.”
{ Comments on this entry are closed }