President Obama Sends $447 Billion Job Plan to Congress
POSTED: Monday, September 12, 2011 - 5:22pm
UPDATED: Tuesday, September 13, 2011 - 2:36pm
WASHINGTON, D.C.- President Obama sent his $447 billion jobs plan to Congress today and called on lawmakers to pass it right away.
"No games. No politics. No delays. I'm sending this bill to congress today and they ought to pass it immediately," said President Obama.
He was joined by teachers, public safety workers, military veterans and small business owners, the very people the $447 billion bill is designed to help.
"Folks are living week to week paycheck to paycheck. They need action," said President Obama.
The White House says the plan pays for itself by cutting some tax breaks for oil and gas companies, for corporate jet owners, and Americans making more than $200,000 a year. Skeptics want to see the fine print.
"It costs anywhere from $230,000 and $400,000 to create a $50,000 job. That math doesn't make a lot of sense," said Wilbur Ross, investment company CEO.
Before Congress considers the plan House Speaker John Boehner wants the Non-Partisan Congressional Budget office to weigh in on how much the plan will cut and cost. Republicans say the President wants all or nothing and they have ideas of their own.
Meanwhile, unemployment is stuck above nine percent and the latest news that Bank of America is cutting 30,000 jobs underscores the need to come up with a plan that gets Americans and the economy working again. The President is going to try to sell his plan directly to the people beginning with a stop in Speaker Boehner's home state of Ohio.