SENATE BILL: Jobs Now Act of 2012 (Law'd)

[Southern Senator North Carolina Yankee]

Well not even that, it brings back my point from before about needing multiple criteria or something.

The implication of a 17% decline in net income is that they are still profitable and have a positive net income.

So you could be allowing Exxon-Mobile to cut their employees pay, and get the Gov't to pick up the tab all by virtue of shifting activities accounting for 17% of their net income from one accounting period to another.

Wouldn't any malicious shifts in income be detected by the department that's overseeing the businesses?

Yes, if the bill directs them to check for a specific secondary or subsequent criteria, which would clue them in as to the shift. Just assuming they will know what to look for and when could lead to them not looking at all.

Wouldn't it be easier to simply direct the SOIA to not accept applicants from businesses that are shifting their income around?  I 'm not sure what you mean by 'secondary criteria' unless you're referring to something like that.

No that wouldn't work there are numerous legitimate reasons to be "shifting money". You would cripple any business with such a restriction.

I am thinking of another line on a financial statement. How familiar are you with accounting?

[Southern Senator North Carolina Yankee]

Well changes in Revenues and Liabilities would be one, but you would have to word it in such as way as ot ensure it doesn't get flagged for legitimate business operations.


In the end there will be limits to what can be done, because they can simiply slow down their business operations and there will be little that could be done becuase provign it was just for the tax credits would be difficult at best.

[Southern Senator North Carolina Yankee]

"Companies must have declines in net income resulting from overall declines in sales and business during the reporting periods in questions. Declines in Net Income resulting from one time financial transactions shall not be eligible under this program and the Department of the Interior shall be charged with enforcing and policing applicants and and those the program to ensure compliance with the program and its standards."


How is that for a start?

[Southern Senator North Carolina Yankee]

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[Southern Senator North Carolina Yankee]

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I tightened up the language and corrected some errors like a double "and".

[Southern Senator North Carolina Yankee]

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Sponsor Feedback: Origination
Status: Senators have 24 hours to object.

[Southern Senator North Carolina Yankee]

The amendment is passed.

[Southern Senator North Carolina Yankee]

I am still worried about some of things in this bill, but I am unsure about how to go about fixing them. I like the underlying idea, but it is a very thing tiny needle to thread to get this kind of thing right and not end up subsidizing healthy companies to cut their employees and letting the gov't pick up the tab.

[Southern Senator North Carolina Yankee]

I am still worried about some of things in this bill, but I am unsure about how to go about fixing them. I like the underlying idea, but it is a very thing tiny needle to thread to get this kind of thing right and not end up subsidizing healthy companies to cut their employees and letting the gov't pick up the tab.

What in the amendment do you not find sufficient?  Truth be told, if this were real life, we would probably have written up a good five hundred pages or so that would standardize the requirements for these benefits.  I'm not sure what the bill lacks now that we need to fix.

I don't know that is the problem. If I did I would have amendments drawn up by now. If you feel comfortable, then you should consider calling for a final vote.

[Southern Senator North Carolina Yankee]

If no one has any more objections, I will call for a final vote in the next 24 hours.

Objections are defined in this case as any discussion relating to the bill itself. Only the PPT can do UC according to the OSPR and this post by the honerable Senators form the NE shouldn't be miscontrued as such by members, even though it kinda, sorta sounds like that.

Or just to be safe in case someone starts talking:

I ask unanimous consent to waive the cloture vote and proceed immediately to a final vote. Senators have 24 hours to object.

[Southern Senator North Carolina Yankee]

Vote here in a little over 10 minutes.

[Southern Senator North Carolina Yankee]

Senators, this bill is now at final vote so please vote Aye, Nay or Abstain.

[Southern Senator North Carolina Yankee]

I posted this last night but for some reason it didn't go through. Stupid convention is slowing the site down and in turn messing up my connection. Even late in the morning the site still acts up which might just be the residual impact on my end of the early slowness caused by the convention at 10-Midnight. Whenver the site fails to load because because of traffic or whatever causes that "Website can't be found" crap, it causes problems on my computer.

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[Southern Senator North Carolina Yankee]

AYE

The bill has not been updated on the first post with the amendment passed for section 3.

That is good, because if had been updated, it meant that someone had hacked my account. I usually leave the OP as introduced and then post "Current Texts" every so many pages, then a final text at the start of the vote (unless of course something weird happens like last night). It is good way to flush out Senators who don't pay attention.

[Southern Senator North Carolina Yankee]

Vote on fianl passage of the Jobs Now Act of 2012:

Aye (4): Ben, NC Yankee, sbane, Scott
Nay (1): Redalgo
Abstain (2): Clarence and Seatown

Didn't Vote (3): AndrewTX/BK, NVTownsend, TJ in Cleve/Hagrid

With four votes in the affirmative and one in the negative and time having expired, the bill is passed and is presented to the President for executive action.