School renovations, unemployment benefit extension part of strategy
(NEWSER) - President Obama plans tomorrow to unveil a $300 billion jobs strategy that will involve tax relief for workers and spending on public works projects such as road repair and school renovations to put America back to work, according to sources familiar with the plan. Half of the stimulus will come from tax cuts, including a year-long extension of a Social Security payroll tax reduction for workers and a possible cut in payroll taxes paid by employers, according to Bloomberg . The plan also involves the extension of unemployment benefits, offering job training for the unemployed, and a program to prevent teacher layoffs, reports the Los Angeles Times. More»
