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Reply #1: It's already being criticised [View All]

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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Sep-08-11 05:25 PM
Response to Original message
1. It's already being criticised
as too small. Presumably to try get GOPHers on board. But not that Republicans will cooperate anyway.



The Obama plan could include $120 billion to extend or even enlarge the current payroll tax cut, according to a Democratic source familiar with the plan. The cut, which has cost $112 billio toget n so far, allows employees to pay 4.2% instead of 6.2% on their first $106,800 of wages into Social Security.

Obama's proposal could also include $50 billion to extend unemployment benefits, which were lengthened to the current 99-week maximum in 2009. Top Democrats argue that such money will immediately be pumped back into the economy in the form of new consumer spending.

In addition, the plan could propose $100 billion for infrastructure development such as repairing roads and bridges.

Steve Bell, senior director of the bipartisan Economic Policy Project, said Wednesday that the scope of the plan is too small.



more details- http://www.cnn.com/2011/POLITICS/09/08/obama.jobs.plan/

Political showdown shaping up over Obama's 'American Jobs Act'
By the CNN Wire Staff
September 8, 2011 6:05 p.m. EDT
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