Republicans Holding Economy Hostage To Keystone Pipeline
Unless the environmentally questionable Keystone Pipeline is approved, Republicans say they won’t approve tax relief or extension of unemployment benefits.
…on Wednesday House leadership—and some Democrats—passed a tax extender package that included a sped-up permitting process for the Keystone XL pipeline. In explaining why on earth this controversial 1,700-mile oil pipeline should be appended to a tax package focused on unemployment insurance and payroll taxes, Rep. Boehner argued that the pipeline private-sector infrastructure project “would create tens of thousands of American jobs.”
That is in dispute.
…the TransCanada Corporation initially said the pipeline might create as many as 20,000 construction and manufacturing jobs. But the company soon walked that figure back, explaining that its calculation was based on a “one job-one year” measure, meaning that one person working for two consecutive years would be counted twice. Using a more accurate calculation, TransCanada estimated the project would employ about 6,500 jobs. And an independent study by the Cornell Labor Institute found an even smaller number, noting that the pipeline will actually create “no more than 2,500-4,650 temporary direct construction jobs for two years.”