The Senate has failed to approve a key provision of President Obama’s jobs proposal that would have boosted taxes on the wealthiest Americans. On Thursday, the Senate voted 50 to 50 on a measure to fund 400,000 jobs through $35 billion in increased taxes on the rich, 10 votes short of the 60 needed for approval.
Senate Rejects Tax Measure in Jobs Bill
HeadlineOct 21, 2011