Efforts to extend the Build America Bonds program and other temporary bond provisions enacted as part of last year's stimulus act took a major step backwards last week when Senate Democrats tabled the tax package including the extensions after yet another failed procedural vote.

Late Thursday, the American Jobs and Closing Tax Loopholes Act was again blocked, despite repeated attempts by Senate Democrats to pare down the bill to gain needed support from moderate Democrats and Republicans. The vote to limit debate on the package, which required 60 votes, garnered only 57.

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