In a report published today, ProPublica takes a look what’s delayed implementation of the Dodd-Frank financial reform bill.
You won’t be surprised to learn that politics and bureaucracy have gotten in the way.
Coincidentally, Sen. Bob Corker, R-Tennessee, is in Knoxville today to talk about the nation’s financial challenges.
Here’s an excerpt from the ProPublica report:
Struggling East Tennessee businesses should send Ohio Republican Sen. George Voinovich a thank-you note for providing the crucial 60th vote for a bill that will deliver $30 billion in credit and $12 billion in tax breaks to small businesses.
And while they’re at it, business owners should send lumps of coal to Tennessee senators Lamar Alexander and Bob Corker. The Tennessee Republicans have toed the party line and helped hold the much-need bill hostage to filibuster.