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Obama Plans to End Tax Breaks to Pay for Jobs Program

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sufrommich Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-12-11 04:32 PM
Original message
Obama Plans to End Tax Breaks to Pay for Jobs Program
President Barack Obama on Monday proposed paying for his jobs plan by eliminating $467 billion in tax breaks for wealthier Americans and corporations, meeting immediate resistance from Republicans in Congress.

The White House objective is to put lawmakers in a tight spot: Support Obama's jobs package or risk being portrayed as doing nothing to improve the economy heading into presidential and congressional elections in November 2012.

The U.S. economy, the world's largest, is mired in 9.1 percent unemployment and flirting with another recession as Europe's debt woes weigh down the global economy. U.S. Treasury Secretary Timothy Geithner will attend part of a meeting of euro zone finance ministers on Friday in Poland.

Obama, who pushed through an $800 billion economic stimulus package in 2009, stepped up his campaign to sell his new proposals to American voters as he prepared to send the jobs bill to lawmakers later on Monday.

http://www.cnbc.com/id/44488639
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William769 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-12-11 04:33 PM
Response to Original message
1. This is a goos start.
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Tennessee Gal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-12-11 04:37 PM
Response to Original message
2. This is good!
Edited on Mon Sep-12-11 04:41 PM by Tennessee Gal
Some posting here are ignoring this part:

eliminating $467 billion in tax breaks for wealthier Americans and corporations
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William769 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-12-11 04:40 PM
Response to Reply #2
3. Not me.
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adhd_what_huh Donating Member (368 posts) Send PM | Profile | Ignore Mon Sep-12-11 05:33 PM
Response to Original message
4. thanks for posting something positive about the Pres...
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Tennessee Gal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-12-11 05:39 PM
Response to Original message
5. Kick for truth.
eliminating $467 billion in tax breaks for wealthier Americans and corporations
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MoonRiver Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-12-11 06:13 PM
Response to Original message
6. Excellent!
Finally, Obama has the Thugs on the run! Hopefully he can create some jobs along the way too! :woohoo:
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