Senate Majority Leader Harry Reid has apparently orchestrated a deal on a jobs bill with Senate Republicans. The bill will be introduced later today:
Senate Majority Leader Harry Reid (D-Nev.) will introduce a jobs bill on Tuesday that he said would have Republican support.
Reid told reporters the bill would be introduced on Tuesday, and that it would include an extension of the tax breaks, known as tax extenders, that expired last year.
"As of last night, there will be Republican support for this bill," Reid told reporters.
The apparent deal not only includes extensions on tax breaks, but also will allow a vote on the extension of the estate tax repeal. From a different article in The Hill, published two hours earlier than the one on the apparent deal:
Senate leaders are working on an estate tax deal to make it easier to move a bipartisan jobs bill.
The deal discussed by Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) involves moving an estate tax bill through the Senate that would prevent a huge hike in the tax from taking effect in 2011, staffers and lobbyists say.
It is unclear if the vote on the estate tax that has been promised to Republicans would require 60 or 51 votes in order to pass. Extending the repeal of the estate tax would certainly be a steep price to pay for a smallish jobs bill, so I will see if I can find out.
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