Members of the Senate Finance Committee unveiled a long-awaited bipartisan jobs bill Thursday morning — only to have it scrapped within hours by Senate Majority Leader Harry Reid.
The Nevada Democrat killed the bill after hearing complaints from members of his own caucus, who argued that Finance Committee Chairman Max Baucus (D-Mont.) had gone too far beyond the core goal of job creation in order to win over Republican support.
It was a major rebuke for Baucus, who’d spent weeks working with Iowa Sen. Chuck Grassley, the ranking Republican on his committee, trying to come up with a bill that Republicans would support.
Reid told reporters that the Baucus-Grassley bill wouldn’t do enough to show voters that the Senate was serious about addressing the unemployment problem.