Tags: Obama | Tax | Compromise | Create | Millions | Jobs

Obama: Tax Compromise Will Help Create ‘Millions’ of Jobs

Thursday, 09 Dec 2010 03:53 PM

President Barack Obama said the compromise plan on taxes he’s agree to with congressional Republicans will give businesses incentives to grow and hire and help create “millions of jobs.”

“If this framework fails, the reverse is true,” Obama said at the start of a meeting with his export council in Washington.

The president is seeking to overcome resistance of Democrats in Congress to the deal, which would extend Bush-era tax cuts for two years, provide a one-year cut in the payroll tax and extend aid for the long-term unemployed.

Obama also said his focus on increasing U.S. exports, including a recently concluded trade agreement with South Korea will boost hiring in the U.S.

“The world wants products made in America,” he said.

He announced publication of rules that would ease export controls for technology items with military uses on sales to 37 allies, including Canada, Japan, Germany and France.

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President Barack Obama said the compromise plan on taxes he s agree to with congressional Republicans will give businesses incentives to grow and hire and help create millions of jobs. If this framework fails, the reverse is true, Obama said at the start of a meeting...
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Thursday, 09 Dec 2010 03:53 PM
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