jobs plan

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Obama to GOP: Let's Cut Corporate Taxes

... but only if you agree to job creation measures

(Newser) - President Obama has a new "grand bargain" for Republicans, though it's a little less grand this time around. In a speech today, Obama will offer to overhaul the corporate tax code, reducing the rate and reaping a onetime windfall in the process, the Wall Street Journal reports. In... More »

Walmart: We'll Hire Every Veteran Looking for Work

Company to announce ambitious hiring plan today

(Newser) - Walmart is set to make a pretty bold hiring announcement today: It plans to employ every veteran looking for work. The statement does, however, come with an asterisk—veterans must have left the military within the past 12 months and not have been dishonorably discharged. Still, the five-year plan, which... More »

Obama's Next Hiring Move: $1B Health-Care Jobs Plan

Plan to push innovation, reducing costs, as Congress deadlocked

(Newser) - With a deadlocked Congress still unable to launch any sort of jobs plan , the White House will announce today a $1 billion project for training and hiring health care workers, the latest in President Obama's "We Can't Wait" campaign, reports the Washington Post . The health care jobs... More »

Senate Blocks President's Infrastructure Jobs Strategy

$60M third part of Obama work plan shot down

(Newser) - Another piece of President Obama's jobs plan has been defeated in the Senate. A measure to spend $50 billion on infrastructure improvement and $10 billion in seed money for a new infrastructure bank fell short of the 60 votes needed for debate, reports the Washington Post . Every Senate Republican... More »

Obama: Taxing Rich Will Pay for Jobs Plan

Prez wants to end tax breaks for the wealthy and oil, gas companies

(Newser) - President Obama has picked another fight over tax breaks for the wealthy—this time to pay for his jobs plan. The White House said today that Obama will seek to end tax breaks over 10 years for oil and gas companies, hedge fund managers, and people making over $200,000,... More »

Obama's Jobs Bill Goes to Congress Tonight

But it's missing one crucial element, 'Los Angeles Times' notes

(Newser) - "Pass this bill," President Obama said more than two dozen times during his two speeches last week touting his jobs bill —and he’ll say it again tonight when he officially sends the American Jobs Act to Congress. “He will call on Congress to pass the... More »

Even 'Stimulus Skeptics' Should Back Obama's Plan

It's a reasonable effort to guard against a double-dip: David Brooks

(Newser) - David Brooks counts himself among the "stimulus skeptics," but he's signing on to President Obama's plan to juice the economy. The president's proposals come from "the middle of the ideological spectrum," and collectively they help guard against the "truly horrifying" prospect of... More »

Obama Plan Would Bring 1.9M Jobs: Moody's

Would grow economy 2%, says expert

(Newser) - President Obama’s jobs plan would put some 1.9 million people back to work and grow the economy 2%, says Moody’s chief economist. The plan could slice the unemployment rate by a percentage point, adds Mark Zandi, whose analysis comes as the president heads to Virginia to... More »

Obama's Plan 'Bolder, Better Than Expected'

Pundits from left and right generally praise address

(Newser) - Pundits handed out good grades aplenty for President Obama's new jobs proposal last night, with generally positive feedback from liberals like Paul Krugman—but also from conservatives like David Frum and Andrew Sullivan.
  • Krugman writes in the New York Times that he was "favorably surprised by the new
... More »

Bachmann Will Rebut Obama's Speech

She appears to be only Republican planning to do so

(Newser) - As she struggles to stay relevant in the 2012 presidential race, Michele Bachmann has figured out at least one more way to keep her name in the news. She’ll offer a rebuttal to President Obama’s jobs speech tonight at 8:30pm, The Hill reports. No formal Republican response... More »

What to Watch for in Obama's Jobs Speech

Can the president appease his base and Republicans at once?

(Newser) - President Obama gives his much-hyped jobs speech tonight, and though the stakes are high, expectations are pretty low . Obama’s “task is nearly impossible,” Politico writes: “appease liberals, appeal to independents, win over some Republicans and make a compelling case to Washington-weary voters.” Here’s what... More »

Tax Relief, Public Works to Drive $300B Jobs Plan

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... More »

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