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

Lebanese Media Unite to Support Palestinians in Gaza

Joint newscast billed as Arab world’s first unified news bulletin in support of Hamas-controlled Gaza Strip More

Photogallery Australian PM Alleges ‘Coverup’ at MH17 Crash Site

Meanwhile, Russia's ambassador to Malaysia denies plane's black boxes were opened before they were handed over to Malaysian officials More

Despite Advances in AIDS Treatment, Stigma Lingers

Leading immunologist tells VOA that stigma is often what prevents those infected with disease from seeking treatment 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.
IAEA: Iran Turns its Enriched Uranium Into Less Harmful Formi
X
July 22, 2014 10:26 AM
Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.
Video

Video IAEA: Iran Turns its Enriched Uranium Into Less Harmful Form

Iran has converted its stockpiles of enriched uranium into a less dangerous form that is more difficult to use for nuclear weapons, according to the United Nations’ Atomic Energy Agency. The move complies with an interim deal reached with Western powers on Iran's nuclear program last year, in exchange for easing of sanctions. Henry Ridgwell reports for VOA from London.
Video

Video Relic of Saint Draws Catholics Worried About Immigration Issue

A Roman Catholic saint who is a figure of devotion for those crossing the border into the United States is attracting believers concerned about the plight of undocumented immigrants. Mike O'Sullivan reports from Los Angeles, where a relic of Saint Toribio has drawn thousands to local churches.
Video

Video Ukraine Rebels Surrender MH17 Black Boxes

After days of negotiations, a senior separatist leader handed over two black boxes from an airliner downed over eastern Ukraine to Malaysian experts early Tuesday. While on Monday, the U.N. Security Council unanimously demanded that armed groups controlling the crash site allow safe and unrestricted access to the wreckage.
Video

Video In Cambodia, HIV Diagnosis Brings Deadly Shame

Although HIV/AIDS is now a treatable condition, a positive diagnosis is still a life altering experience. In Cambodia, people living with HIV are often disowned by friends, family and the community. This humiliation can be unbearable. We bring you one Cambodian woman’s struggle to overcome a life tragedy and her own HIV positive diagnosis.
Video

Video Nature of Space Exploration Enters New Age

Forty-five years ago this month, the first humans walked on the moon. It was during an era of the space race between the United States and the Soviet Union. World politics have changed since then and -- as Elizabeth Lee reports -- so has the nature of space exploration.
Video

Video Chicago’s Argonne Lab Developing Battery of the Future

In 2012, the U.S. Department of Energy’s Office of Science awarded a $120 million grant to a new technology center focused on battery development - headquartered at Argonne National Laboratory in suburban Chicago, Illinois. As VOA’s Kane Farabaugh reports, there scientists are making the next technological breakthroughs in energy storage.
Video

Video In NW Pakistan, Army Offensive Causes Massive Number of Displaced

Pakistan’s army offensive in North Waziristan has resulted in the large-scale displacement of the local population. VOA's Ayaz Gul reports from northwest Pakistan where authorities say around 80 percent of the estimated 1 million internally displaced persons [IDPs] have settled in Bannu district, while much of the remaining 20 percent are scattered in nearby cities.
Video

Video Kurdish Peshmerga Force Secures Kirkuk, Its Oil

The Kurdistan regional government has sent its Peshmerga troops into the adjacent province of Kirkuk to drive out insurgents, and to secure the area's rich oil fields. By doing this, the regional government has added a fourth province to the three it officially controls. The oil also provides revenue that could make an independent Kurdistan economically strong. VOA’s Jeffrey Young went out with the Peshmerga and filed this report.
Video

Video Malaysia Reeling: Second Air Disaster in Four Months

Malaysia is reeling from the second air disaster in four months involving the country’s flag carrier. Flight 340 vanished in March and despite an extensive search, no debris has been found. And on Thursday, Flight 17, likely hit by a surface-to-air missile, came apart over eastern Ukraine. The two incidents together have left more than 500 people dead. VOA Correspondent Steve Herman reports from Kuala Lumpur.

AppleAndroid