Republicans Thwart Bill With Unemployment Aid, Buyout Tax Boost
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Senate Republicans yesterday killed a bill to extend unemployment benefits, provide aid to state governments and raise taxes on buyout fund managers, saying the measure would add too much to the federal deficit.
Lawmakers voted 57-41 in favor of the measure, with 60 votes needed to advance it. Democrats repeatedly cut the bill in an effort to win backing from those who objected to its cost. The latest version would have added $33 billion to the budget shortfall, a fraction of previous proposals; Republicans said the cost-cutting didn’t go far enough.