Obama to Congress: Here's Your 'To-Do List'

Items include bringing jobs back to US, tax credits for small business
By Kevin Spak,  Newser Staff
Posted May 8, 2012 10:34 AM CDT
Barack Obama speaks at the University of Iowa in Iowa City, April 25, 2012.   (AP Photo/Carolyn Kaster, File)

(Newser) – Because Congress loves being bossed around like nothing else, President Obama will today unveil a "to-do list" of priorities, which have historically had bipartisan support, and which he says will "help restore middle class security." "At this make-or-break moment for the middle class, we need to create an economy built to last," the White House said in a statement.

Here's what's on Obama's list, according to the USA Today:

  • Pass a 20% tax credit encouraging companies to move their operations back to the US—and pay for it by eliminating the deduction companies can currently take for the cost of moving operations abroad.
  • Make it easier for homeowners to refinance their mortgage.
  • Create a 10% income tax credit for small businesses that create new jobs or bump wages.
  • Extend and expand tax credits promoting clean energy production
  • Create a "Veterans Job Corps" to help Iraq and Afghanistan veterans find work.
(Read more Barack Obama stories.)

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