- Jul 1, 2011
- Reaction score
Obama To Propose $300B Jobs-Creation Package | FoxNews.com
President Barack Obama is expected to propose $300 billion in federal spending and tax cuts Thursday night to get Americans working again.
I don't see anything there creating lasting jobs.According to people familiar with the White House deliberations, two of the biggest measures in the president's proposals for 2012 are expected to be a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits. Together those two would total about $170 billion.
The people spoke on the condition of anonymity because the plan was still being finalized and some proposals could still be subject to change.
The White House also is considering a tax credit for businesses that hire the unemployed. That could cost about $30 billion. Obama has also called for public works projects, such as school construction. Advocates of that plan have called for spending of $50 billion, but the White House proposal is expected to be smaller.