President Barack Obama’s jobs plan is likely to include stimulus spending for roads and other construction and tax breaks for companies that hire workers. Sources say the plan may also include help for the long-term unemployed and mortgage relief, The Washington Post reported
In a major address scheduled for after Labor Day, Obama is also expected to push for deficit reductions beyond the $1.5 trillion the special congressional committee is looking at. Another idea under consideration is a remake of unemployment insurance to make the make the program more flexible, pay for job training and pay companies to hire jobless workers, the Post reported.
Advisers and others familiar with the White House’s planning told the Post that Obama will press House Republicans to agree to short term spending. “When Congress gets back in September, my basic argument to them is this: We should not have to choose between getting our fiscal house in order and jobs and growth,” Obama said according to the Post.
Regardless, Obama will have a tough sell. House Majority Leader Eric Cantor, R-Va., wrote to colleagues, “We must put an end to the policy uncertainty constantly being driven by this administration. That means stopping the discussions of new stimulus spending with money that we simply do not have.”
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