President’s Jobs Plan Fails in the Senate

On Tuesday, the Senate voted 50-49 to block the president’s $447 billion jobs plan from being considered on the Senate Floor.   The House has no intention of considering the president’s plan as a whole. The vote, which needed the support of 60 Senators to pass, is a clear indication that chances are extremely slim that the president’s plan as a whole has any chance of becoming law.  The bill will likely now be broken up into separate parts consisting of tax cuts, incentives for businesses to hire and invest, and infrastructure funding.  AGC will continue to monitor the progress of components of the president’s job plan and advocate for areas that benefit the construction industry. For more information, please contact Sean O’Neill at (202) 547-8892 or oneills@agc.org.