The Senate passed Porkulus III by a vote of 70-28 with 13 Republicans demonstrating their party’s new found fiscal conservatism by crossing over to vote with every Democrat present for the bill. Like the first Porkulus signed by George W. Bush in 2008 and the Porkulus II passed last year, Porkulus III forks over billions of borrowed dollars to fund various special interest projects and tax gimmicks in the name of “creating jobs”.
The gimmicks funded in this lastest round of Porkulus include a tax holiday for the remainder of the year on Social Security payroll taxes, but only if the company hires someone out of work for more than 60 days. In addition, Porkulus commits to billions in in more mass transit spending and more highway projects (ie. more pork barrel spending).
The Senate’s version of Porkulus must be sent over to the House where it must be reconciled with the House’s much more expansive $154 billion Porkulus bill. However, the Senate plans to pass more items in the House’s bill one at a time so that Senate Majority Harry Reid and other Democrat leaders can find out how much the prices of the votes of “fiscally conservative” Republicans are.
Included are proposed Senate bills giving away corporate welfare to ethanol producers, which is expected to be supported by farm state Republicans. In addition, there is another planned Senate bill to keep Americans out of work longer by extending unemployment benefits and COBRA.
The RINOs who supported Porkulus III today are: