Obama Jobs Plan: $447 Billion, More Than Half In Tax Cuts, To Be Paid For By Super Committee
President Obama (center) addresses Congress on jobs as Joe Biden (left) and ... The president went bigger than expected with his $447 billion plan, a mix of tax cuts, state ... Then, there is the price tag, which is more than half the cost of the ... Obama asked the 12-member congressional supercommittee to.... President Obama made an impassioned appeal on Thursday night for $447 billion in tax cuts and government spending to boost the ... The $447 billion price-tag on the program puts the cost at more than half that of the ... when he delivers his recommendations to a congressional supercommittee that has.... The dueling job-creation plans that President Obama and GOP figures ... He proposed a $447 billion American Jobs Act, including tax cuts (more than half the plan's ... All this would come even as a congressional "super committee" is ... be paid for by having that panel find additional spending cuts or tax.... In other words, the President is proposing a $447 billion tax increase. ... income tax rates mainly to pay for a small and temporary cut in ... to the super-committee -- such as a draconian super-Pease phase-out ... cut government spending by about $1 trillion over the next 10 years. ... This is no jobs plan.. More than half of the new jobs package consists of tax cuts designed to ... President Obama on Thursday proposed a $447 billion jobs bill that he and his ... so passionately about making life easier for 'job creators,' this plan is for you. ... supercommittee to agree to ways for paying for the jobs measure, and.... More than half of the plan is tax cuts for working Americans and small businesses. ... of billions may be hard to swallow for a Congress that's been more focused ... "super committee" to formulate a plan to pay for his proposals.. A new deficit-reduction "super committee" in the U.S. Congress, already split over tax and spending policies, has a new worry -- how to pay for ... of Congress on Thursday that the $447 billion initiative he unveiled would not add to ... enough to reach without adding on nearly a half-billion-dollars more.. In fact, more than half of the bill's cost comes from tax cuts for small businesses and ... In New Tax Revenue And Then Let The Super Committee Figure It Out. ... tax hikes to help pay for his latest $447 Billion [sic] stimulus plan.. President Obama arrives to address a joint session of Congress last night. ... nothing more than a $447 billion pile of recycled ideas that isn't likely to pass Congress ... extending and increasing payroll-tax cuts for workers and employers ... by Thanksgiving, to find another $447 billion to pay for his jobs plan.. Obama also wants to cut the payroll tax businesses pay in half -- to 3.1% -- on the ... Total cost: $240 billion, or more than half the total package. ... businesses that hire workers who have been out of a job for over six months. ... vowed his plan would be fully paid for and asked the new debt super committee,.... Now it must confront the demands of Obama and Boehner. ... When the supercommittee met for the first time a week and a half ago, signs were promising. ... new $447 billion jobs bill -- and asked the supercommittee to find the extra ... in tax hikes -- a plan that includes limiting deductions on incomes over.... Elmendorf said deficit cutting plans to decrease spending or raise taxes ... came one day after President Barack Obama sent his jobs bill to Congress. ... on the super committee to find many of the off-sets for the $447 billion package. ... and with just more than 70 days to present Obama with a final package,.... The president will pay for the proposal by asking the congressional super committee tasked with finding $1.5 trillion in deficit reduction to offset.... His American Jobs Act consists of a hefty $447 billion worth (roughly ... Mr Obama proposed not only extending a 2% payroll-tax cut scheduled to ... At $240 billion, those provisions account for more than half the plan's price tag. ... he proposed that Congress's super committee, created under last month's...
President Asks Congress for $447 Billion In Cuts, Spending; Tepid GOP Response ... Obama's Jobs Plan; 9/11 Terror Threat in U.S. ... More than half of Mr. Obama's plan consists of payroll-tax cuts for employees and ... Mr. Obama will call on a congressional supercommittee crafting a deficit-reduction.... Obama's $447 Billion Jobs Plan Cuts Medicare, Taxes ... The president vowed to pay for every dime of the new tax cut-and-spending plan, and even pledged ... Super Committee, which is slated to deliver its plan by Thanksgiving. ... The economy needs more than twice that many new jobs a month for the.... Urging Congress to 'stop the political circus,' President Obama on ... on a $447 billion package of spending initiatives and tax cuts designed to ... More than half of the plan is tax cuts for working Americans and small businesses. ... congressional "super committee" to formulate a plan to pay for his proposals.. President Obama presented a jobs plan to a joint session of ... a blunt call on Congress to enact his $447 billion package of tax cuts ... billion stimulus package passed in 2009, which was spread over more than two years. ... billion, under which the tax paid by employees would be cut in half through 2012.. That's why President Obama believes we need to do more than just ... the payroll tax cut to firms by cutting in half their payroll tax on the first $5 million in ... o Senator Orrin Hatch, the top Republican on the Senate Finance Committee, said he ... the 6.2% payroll taxes paid on the added $2 million in payroll for a tax cut of.... Yesterday evening, President Obama addressed a Joint Session of Congress to ... a $447 billion ten-year cost, which the President says would be fully paid for in ... and spur job creation, includes a mix of tax cuts--including various payroll tax ... rate for the AJA might be similar, if not higher, than any one year that the 2009...
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