President Obama’s proposal to create a Veterans Jobs Corps to stem high unemployment among recent military veterans was shelved Wednesday after Republicans in the Senate balked over the five-year $1-billion cost, giving both sides fresh ammunition for the November election.
Republicans objected to the projected price tag of the jobs bill as well as the administration’s plan to pay for it by imposing penalties on Medicare providers and suppliers who are delinquent on taxes, and by collecting back taxes from others.
“No veteran who fought for our nation should have to fight for a job at home, but Republicans in Washington are blocking a common sense plan to create the Veterans Jobs Corps and put tens of thousands of veterans back to work,” White House Press Secretary Jay Carney said in a statement.
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