Tags: Obama Jobs | Package

Obama Said to be Looking at $300 Billion Jobs Plan

Tuesday, 06 Sep 2011 07:13 PM

People familiar with the White House deliberations on a jobs package say President Barack Obama is considering a plan totaling about $300 billion in tax cuts and spending for 2012.

Two of the biggest measures are expected to be a one-year extension of a payroll tax cut for workers and a continuation of unemployment benefits. Those items would total about $170 billion.

The people spoke on the condition of anonymity because the plan was still being finalized and some proposals could be changed before Obama introduces his plan Thursday night in his address to Congress.

The White House is considering tax incentives for businesses that hire as well as spending for public works projects.

The package is designed to increase consumer demand, speed up infrastructure construction and spur hiring.

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