How Obama will pay for the $447b Jobs plan...

[bu villain]

I'm not sure how effective putting the bill on the "super congress" is going to be. I don't see why partisan politics would go away just because you have 12 congresspeople instead of 400+.

[Vteckidd]

I'm not sure how effective putting the bill on the "super congress" is going to be. I don't see why partisan politics would go away just because you have 12 congresspeople instead of 400+.

honestly its all bitterly partisan and none of it is going to change anytime soon. I accuse both sides of political posturing. Its really gotten out of control.

Obama sits atop his high horse and lectures us about sacrifice, and putting country first. He went on vacation, and took 1 month to put out his "economic plan". 1 MONTH! Nothing has changed and actually the dow has gotten worse in that month. Then he comes back, gives this speech on jobs and demands congress pass it now. Why the urgency NOW, where was it a month ago?

The fact of the matter is his "plan" isnt a plan. Its a talking point. Extend the already existing payroll taxcuts, extend unemployment benefits, "invest" (IE SPEND) on infrastructure rebuilding that will go to politicians pockets and employ VERY few people if any, raise taxes to pay for it all.

So basically continue everything thats been going on the last 2 years.............oh and increase taxes on people that COULD hire. Thats nothing new, nothing groundbreaking, and frankly flat out political. How on earth anyone can think that continuing more of the policies that havent worked YET is going to magically change anything, and on top spend another 500 billion we DONT HAVE, is beyond me.

Obama needs to get serious about REAL targeted tax cuts as well as close the loop holes for corporations, republicans need to expect SOME closing of corporate tax holes need to be done.

They need to lower income taxes FOR 12 months to give people who own businesses a break, only if they agree to increase taxes back to existing rates or let bush tax cuts expire

[BanginJimmy]

Obama needs to get serious about REAL targeted tax cuts as well as close the loop holes for corporations, republicans need to expect SOME closing of corporate tax holes need to be done.

I agree and I have seen several very senior and influential GOP say the same thing. Close the loopholes in exchange for a lower effective rate. I dont know all the details about the plan or remember who originally brought it up, but I do remember hearing that the plan was revenue positive and would really only affect larger corporations. Companies like GE, who didnt pay a penny in corporate taxes last year, are not to spend a TON of money to kill this though. These companies purchased a lot of congressmen for these loopholes and they will buy more of them to keep them.


As far as the rest of Obumbull's plan, been there, done that, got the pink slip to prove it.