As if my amazement could not grow even more, it turns out that the gridlocked Republican majority House of Representatives actually passed a part of the Obama Jobs Plan. Now, the real question is, what’s the catch? When I read this story, I immediately began to look for the greater substance. Well, the real substance is that the effort was actually centered around repealing a tax requirement on an obscure number of businesses that was never even enacted.
This was passed while the rest of the Jobs Plan, which was intended to “overhaul the tax code, make sweeping changes to entitlement programs and eliminate the waste, fraud and abuse that lawmakers so often cite as their central legislative goals,” has yet to be voted on. The illustration below is a dramatic enactment of what this passing means as a whole in terms of job creation.