Business
$300 Billion Package : Obama looks to create jobs
U.S. President Barack Obama is expected to propose a $300 billion package in tax cuts and federal spending to get Americans working again.
President Barack Obama is expected to propose a $300 billion package in tax cuts and federal spending Thursday night to get Americans working again. Republicans offered Tuesday to compromise with him on jobs.
$300 billion package
Obama also is expected to continue for one year a tax break for businesses that allows them to deduct the full value of new equipment. The president and Congress negotiated that provision into law for 2011 last December.
Though Obama has said he intends to propose long-term deficit reduction measures to cover the up-front costs of his jobs plan, White House spokesman Jay Carney said Obama would not lay out a wholesale deficit reduction plan in his speech.
Read More on News One about the $300 billion package.
Real stories. Real impact. Straight to your inbox. Join thousands others. Click here to subscribe to our newsletter today!
Follow us on Facebook, X, TikTok, Instagram
Virgin Islands announces lineup for 74th annual St. Thomas Carnival Village
Memphis man sues city, police over photo taken of his deceased mother
Asbury Park High School: History Seminar
New Jersey police reach $4 million settlement with children of woman killed by ex-husband, a former police officer
Druski new parody mocking conservative women sparks debate
Shaquille O’Neal pays for funeral costs for 12‑year‑old Jada West, Georgia officials say
Kendrick Johnson’s parents file $10B lawsuit against federal judges
GoFundMe launched after Alabama mother is fatally shot by husband hours after giving birth
Family demands justice after Baltimore County man dies after being punched by police officer in violent encounter
New Jersey police reach $4 million settlement with children of woman killed by ex-husband, a former police officer
OWN greenlights first-ever ‘Belle Collective’ spinoff Belle Collective: Birmingham
Hazel Scott’s legacy returns to Harlem in free outdoor film screening
Olympic Gymnast Frederick Richard sets world record, raises $50K for Ugandan youth
Renee Ferguson, trailblazing investigative journalist, dies at 75
“AfroPoP Digital Shorts” returns to the land with “Sweet Samara,” climate and abolitionist film
-
Social Justice5 days agoNew Jersey police reach $4 million settlement with children of woman killed by ex-husband, a former police officer
-
Education1 week agoAsbury Park High School: Crossover event esports and history with Tina Watson
-
Social Justice1 week agoJury awards California woman $15 million after supervisor called her n-word
-
Social Justice1 week agoFamily pleads for Trump’s help bringing severely ill son home from Chinese prison
-
Crime & Justice6 days agoDetroit man convicted of sexually assaulting, killing teen found dead in prison 2 weeks after sentencing
-
Culture5 days agoDruski new parody mocking conservative women sparks debate
-
In Memoriam2 weeks agoIn Memoriam: Beloved Showtime at the Apollo co-host Kiki Shepard
-
Social Justice2 weeks agoDOJ moves to dismiss criminal case against ex-officers charged for role in Breonna Taylor’s death
-
Culture1 week agoOWN’s Belle Collective Birmingham to premiere April 10
-
Police3 days agoMemphis man sues city, police over photo taken of his deceased mother