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But Cantor said there was a difference in Obama’s approach with the House, which passed a 20 percent tax cut. “He wants to direct small businesses and how they commit their capital — we believe that we ought to let the investors decide on how best to allocate their capital,” he said.
Brendan Buck, a spokesman for Speaker John Boehner (R-Ohio), was far more harsh, writing a blog post calling the plan “an evolution in gimmickry.”
“The small, sticky ‘to-do list’ is the perfect symbol for a shrunken presidency, more focused on campaigning than governing,” Buck wrote while blasting Senate Democrats for not acting on a host of bills passed by the House.
Senate Democrats plan to bring the president’s small-business tax cut to the Senate floor soon and have insisted that those tax cuts be tied to growth and hiring. Democrats hadn’t quite settled on what pieces would move when or in how many separate bills, a senior aide said.
Obama also took time to say that Congress needs to find a way to prevent student loan rates from doubling July 1 and to pass a transportation reauthorization bill.
But like much of the rest of the president’s agenda, the student loan bill is in limbo after Senate Republicans filibustered the Democratic leadership’s version in a vote today.
Senate Majority Leader Harry Reid (D-Nev.) accused Republicans of playing “rope-a-dope” on both bills. “They are doing everything they can to stop progress of legislation that will help this country,” he said.