President Obama's plan, "The American Jobs Act," would cost nearly 450 billion dollars.. Which he says won't add to the deficit..
In a speech before a join session of Congress, President Obama laid out his plan to get America back to work. "It will lead to new jobs for construction workers, teachers, veterans, first responders, young people and the long-term unemployed. It will provide tax credits to companies that hire new workers, tax relief for small business owners, and tax cuts for the middle-class."
Members of the Chico Democratic party, sat side-by-side, applauding what President Obama had to say. Chico Democrat Michael Hawkins says, "I'm very impressed! The president really sounded like leadership tonight."
President Obama's plan would extend the payroll tax cuts for workers, expand jobless benefits, and give tax breaks to employers. President Obama says, "It will provide a jolt to an economy that has stalled, and give companies confidence that if they invest and hire, there will be customers for their products and services."
His plan would pump 50 billion dollars into rebuilding worn out roads and bridges. 85 billion dollars to states.. to re-hire police, firefighters, laid off teachers, and modernize run down schools. "This is an obvious bill. Something there for business, something there for workers, something there for the unemployed.. Something there for everyone. It seems like this congress should find things there, that they should agree upon," says Hawkins.
Chairman of the Butte County Republican Party, Steve Thompson, says he could support some of the President's ideas.. But he knows Republicans will want to see more immediate spending cuts. "More of the same.. More proposals for spending, some higher taxes in there.. That hasn't worked to create jobs and we don't think that's going to work to create jobs now," Thompson says.
The President made it clear, it's now up to Congress to act and to act fast. President Obama says, "Regardless of the arguments we've had in the past, regardless of the arguments we'll have in the future, this plan is the right thing to do right now. You should pass it."