The Senate comes back in the afternoon to resume consideration of a small business jobs bill. The legislation, which renews small business tax breaks, allows firms to write off more of the cost of capital investments immediately, and provides $30 billion in cheap capital for small business loans, is stalled on the floor. Republicans want to use the bill to force other issues, such as the looming increase in the estate tax. Democrats want to pass the bill to use as another tool for their reelection campaigns. Stuck between two agendas, the bill flounders and some small business owners are wondering: can’t we all just get along?
The House meets in the afternoon for a period of legislative business.
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