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Our senior senator showed the people of New Hampshire how much he cares about our current economic distress yesterday by his vote on the President's jobs bill. This is a modest, bi-partisan bill that works through the private sector to encourage job creation. It eliminates the employer's share of the social security tax in the first year for any new jobs created as well as providing a $1000 per job tax credit. It also allows companies to accelerate capital depreciation expense, and helps states finance infrastructure work to promote construction jobs.
Not exactly earth shattering, but every little bit helps when we are in the worst recession in our lives.
But even this "let's encourage the private sector" approach to restoring the economy is too much for Judd Gregg. So he voted against the bill saying it is too expensive.
Remarkable- the guy who headed the Senate's budget committee as we financed two wars on credit, voted to eliminate the estate tax and cut taxes for the ultra-rich, and was a lead negotiator in the $700 billion bank giveaway in 2008 is now not interested in doing anything that might possibly help the people of this state... and possibly the party in power.
