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$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.
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$300 Billion Package : Obama Looks To Create Jobs
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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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Unheard Voices, an award-winning, family owned online news magazine, began in 2004 as a community newsletter serving Neptune, Asbury Park, and Long Branch, N.J. Over time, it grew into a nationally recognized Black-owned media outlet. The publication remains one of the few dedicated to covering social justice issues. Its honors include the NAACP Unsung Hero Award and multiple media innovator awards for excellence in social justice reporting and communications.

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