Obama jobs plan could cost $300 billion, include tax cuts, new spending
President Obama is preparing to roll out a jobs program Thursday that could cost as much as $300 billion in infrastructure investments and tax cuts, but which aides said will include ways to pay for the programs that the White House hopes will win bipartisan support from skeptical Republicans.
Obama, whose approval ratings are at record lows, will present his proposals before a joint session of Congress at 7 p.m. ET Thursday in an address that could mark a critical moment in his presidency. Obama aims to restore public confidence in his administration's ability to boost the economy and prevent another recession, even as Republican rivals point to a Labor Department report that showed no new jobs created last month as evidence that his policies aren't working.
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Source: http://feeds.washingtonpost.com/click.phdo?i=1e6e0ea85fe30b80206f3c6678db255a
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