Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Obama to Propose $300B to Jump-Start Jobs Obama to Propose $300B to Jump-Start Jobs

This ad will end in seconds
Close X

Want access to this content? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation



Obama to Propose $300B to Jump-Start Jobs


Obama speaks about the economy on July 11, 2011.(Richard A. Bloom)

In his prime-time speech Thursday night to a joint session of Congress, President Obama is expected to propose $300 billion in tax cuts and federal spending to boost employment, according to a person familiar with the deliberations.

Of the total, about $170 billion would be from a one-year extension of a payroll tax cut for workers and an extension of expiring job benefits.


A number of other, smaller proposals are also being considered for inclusion in Obama’s plan, including public work projects, though at a level less than the $50 billion public works supporters have advocated. The administration is also considering proposing a tax credit for businesses to hire people who are unemployed and an extension of a one-year tax break to give employers the ability to deduct the full value of new equipment.

comments powered by Disqus