Adds comment from Reid on compromise in fourth paragraph.

July 29 Bloomberg -- Senate Republicans blocked a measure that would cut taxes and ease credit for small businesses, saying they objected that Democrats refused to consider their amendments to extend tax breaks and cap federal spending.

The Senate voted 58-42 today to end debate on the bill, falling short of the 60 votes required to consider the legislation for passage.

â??Once again a common-sense bill that would help Americans is being held hostage by political calculation,â?? Senator Patty Murray, a Washington Democrat, said in debate before the vote.