Reuters
September 7, 2011
President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, U.S. media reported on Tuesday.
The price tag of the proposed package, to be announced by Obama in a nationally televised speech to Congress on Thursday, would be offset by other cuts that the president would outline, CNN reported, citing Democratic sources.
Bloomberg News said the plan would inject more than $300 billion into the economy next year through tax cuts, spending on infrastructure, and aid to state and local governments.
Leave a Reply
You must be logged in to post a comment.
Related posts:
Oil giant files $15 billion claim against US government for rescinded Keystone XL permit
Barack Obama Defends Children’s LGBTQ Books as States Prohibit Them from Schools
DeMint: Obama Administration Most “Anti-American” In My Lifetime
Intrade Now Pricing Greater Than 50% Chance Obama Will Not Be Reelected
‘Rule of law’ in Palestine: an interview with jurist Cees Flinterman
The Science Behind the Veil... Dr. Ted Broer on Morgellon's Disease, Chemtrails, HAARP and More