Today, the U.S. Senate voted on the Jobs Through Growth Act, introduced last month by Sens. Rand Paul, John McCain (R-Ariz.) and Rob Portman (R-Ohio). It was defeated 40-56.
"Massive government spending, higher taxes, and hundreds of costly regulations have stagnated our economy. Rather than creating much-needed jobs here in America, the President and Senate Democrats proposed more taxes, more deficits, more debt, and more record spending," Sen. Paul said following the vote.
"It has been an abysmal failure in moving our country forward. That is why I urged my Senate colleagues to support an alternative solution called the Jobs Through Growth Act. This proposal would create much needed jobs, without adding one penny to the federal debt. Passage of this plan would unleash a decade of increased growth, and a new path forward for our struggling economy."
Prior to the vote, Sen. Paul took to the Senate floor to speak about the Republican jobs plan.