The Corner

You Snooze, You Lose

The Heritage Foundation reports this extremely funny story about the president’s job bill.

President Obama repeatedly asked members of Congress to pass the American Jobs Act last week. But when no Democrat filed Obama’s bill after he presented it to Congress, a conservative congressman swiped the name for his own legislation.

The American Jobs Act introduced in the House of Representatives looks quite different from the version President Obama outlined in his speech to Congress. Instead of hiking taxes on working Americans to pay for another stimulus, Rep. Louie Gohmert’s (R-TX) legislation offers a tax cut.

UPDATE: Gohmert’s bill now has a number. It’s HR 2911.

Basically, the American Jobs Act of 2011 (still the only one so far) proposes to abolish the corporate income tax. I am all in favor of that jobs bill. And it certainly beats stimulus by way of more infrastructure spending.

(Thanks to Jason Fichtner for the pointer.)

Veronique de Rugy is a senior research fellow at the Mercatus Center at George Mason University.

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