The Wall Street Journal analyzed the $190 billion in new spending now being considered in Congress. While the goal of this House bill, (titled the American Jobs and Closing Tax Loopholes Act), is supposedly job creation, its allocation for small business loans comes in at the bottom of the priorities at $ 0.5 billion. The remainder is a variety of payments to Medicare, Medicaid, unemployment, welfare, etc. Although most of this $190 billion simply adds to the deficit, some of it is paid for with additional taxes on business, furthering draining their ability to create jobs. This is a “jobs” bill???
