Plan Emerges to Pay for Obama Jobs Bill |
| Bloomberg - Sep 12, 2011 |
President Barack Obama is targeting high earners, private equity managers and oil and gas companies in his bid to pay for a $447 billion job-creation plan.
Jack Lew, the White House budget director, described the revenue-raising provisions, which were mostly pulled from previous administration budget proposals that haven’t passed Congress.
“I think they’ll be familiar to most of you, because they’re ideas that we have been talking about for the most part for some time,” he said at a White House briefing today.
Obama will send Congress the legislative language that would enact his plan later today and at a White House Rose Garden event he called on lawmakers to act on with “no games, no politics, no delays.” Republicans, who control the House of Representatives, have signaled they may be willing to support some of the tax cuts Obama recommends while expressing skepticism about his spending and tax increase proposals.
Read Full Article from Bloomberg
- Posted: 2011-09-12 13:54:42
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