News / USA

Obama to Propose American Jobs Act

President Barack Obama (file photo)
President Barack Obama (file photo)
Kent Klein

U.S. President Barack Obama will go before a joint session of Congress Thursday night to unveil his ideas for creating jobs and boosting the nation’s stagnant economy.  

President Obama’s American Jobs Act is estimated to cost at least $300 billion. It is intended to help people who are looking for jobs, people trying to keep their jobs and businesses trying to create jobs.

It might also affect whether Obama keeps his job after next year's presidential election.

White House Chief of Staff William Daley says the plan includes new ideas and can help relieve the country’s economic pain, if lawmakers will approve it. He was interviewed by Matt Lauer on NBC television’s Today program.

“These ideas, some of them, have been talked about," said Daley. "But they are, as a package, as an act, if Congress will act now, a way to help people. That is what the president is committed to do.”

Daley said the plan would not require more government borrowing. He suggested that some of the money would come from more taxes on wealthier Americans.

Republicans, who hold a majority in the House of Representatives and a sizeable minority in the Senate, have rejected almost all of Obama’s previous economic initiatives.

The top Senate Republican, Minority Leader Mitch McConnell, says the initiative will simply reintroduce the president’s failed economic policies.

“By any measure, including his own, the stimulus and the economic principles it was built on have been a failure," said McConnell. "And that is the reason so many people are skeptical of the president’s economic proposals. They do not work as advertised.”

But House of Representatives Speaker, Republican John Boehner says he will listen to the president’s speech with an open mind.

“I am hopeful that after the president gives his speech, we will be able to sit down in a bipartisan way and find common ground that will help improve our economy and improve the job picture for the American people,” he said.

The Jobs Act is said to include renewed financial help for long-term unemployed workers.  Other provisions reportedly include tax cuts for workers and employers as well as a tax break for businesses that hire more workers.

Obama is also expected to propose more spending to repair the nation's crumbling roads, bridges and schools.

With about 14 million Americans unemployed and the U.S. economy barely growing, the president’s approval ratings have sunk to the lowest point of his tenure.

The number of jobless people seeking government financial assistance was slightly higher last week than the week before. The government said 414,000 people sought their first unemployment compensation, suggesting that hiring has stalled.  

You May Like

Obama: I Will Do 'Everything I Can' to Close Guantanamo

US president says prison continues 'to inspire jihadists and extremists around the world' More

Sierra Leone Educates on Safe Ebola Burials

Also, country is improving at rapid response to isolated outbreaks, but health workers need to be even faster, officials say More

Christmas Gains Popularity in Vietnam

Increasingly wealthy Vietnamese embrace holiday due to its non-religious glamor, commercial appeal More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Ugandan Doctors Aid Victims of Sudan's Civil Wari
X
Adam Bailes
December 22, 2014 3:45 PM
In Sudan's state of South Kordofan, the number of amputees as result of civil war is in the thousands, but few have access to sufficient medical help. Adam Bailes recently visited the area and says a small team of Ugandan doctors has been providing remote help, producing new prosthetic limbs for those in need.
Video

Video Ugandan Doctors Aid Victims of Sudan's Civil War

In Sudan's state of South Kordofan, the number of amputees as result of civil war is in the thousands, but few have access to sufficient medical help. Adam Bailes recently visited the area and says a small team of Ugandan doctors has been providing remote help, producing new prosthetic limbs for those in need.
Video

Video Jane Monheit Christmas Special

Chanteuse Jane Monheit sings the holiday classic “Have Yourself a Merry Little Christmas,” and explains why it’s her favorite song of the season.
Video

Video Calm Amid Fear in Daily Life in S. Sudan’s Town of Bentiu

Six months ago, Bentiu was a ghost town. The capital of northern Unity State, near South Sudan’s important oil fields, had changed hands several times in fighting between government forces and rebels. Calm returned in November and since then, residents of Bentiu have been trying to regain some sense of normalcy. Bentiu’s market has reopened there are plans to start school again. But fears of new attacks hang heavy, as Benno Muchler reports from Bentiu.
Video

Video US Business Groups Press for Greater Access to Cuba

President Barack Obama's decision to do all he can to ease restrictions on U.S. trade, travel and financial activities with Cuba has drawn criticism from some conservatives and Republicans. People who bring tourists to the island and farmers who want to sell more food to Cuba, however, think they can do a lot more business with Cuba. VOA's Jim Randle reports.
Video

Video Three Cities Bid for Future Obama Presidential Library

President Barack Obama still has two years left in his term in office, but the effort to establish his post-presidential library is already underway. The bid for the Obama Presidential Library is down to four locations in three states -- New York, Hawaii, and Illinois. As VOA’s Kane Farabaugh reports, each of them played an important part in the president’s life before he reached the White House.
Video

Video Fears of More Political Gridlock in 2015

2014 proved to be a difficult year politically for President Barack Obama and a very good year for the U.S. Republican Party. Republican gains in the November midterm elections gave them control of the Senate and House of Representatives for the next two years -- setting the stage for more confrontation and gridlock in the final two years of the Obama presidency. VOA National Correspondent Jim Malone has a preview from Washington.
Video

Video Sudan School Becomes Target of Aerial Attacks

The school dropout rate is at an all-time high in Sudan's South Kordofan state because many schools have been destroyed during the three-year civil war between the government and SPLA-N rebel forces. Adam Bailes visited Sudan's Nuba Mountains' region and reports many children are simply too scared to go to school
Video

Video VOA Reporter Tours Devastated Peshawar School

Islamist militants wearing military uniforms and strapped with explosives attacked a military run school Tuesday in the northwestern Pakistani city of Peshawar. At least 141 people were killed in the horrific attack, most of them young students. VOA reporter Ayaz Gul visited the devastated school and attended the funeral of the principal who courageously tried to save her students from the deadly attack.

All About America

AppleAndroid