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.
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