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U.S. President Barack Obama has urged lawmakers to pass a nearly $450
billion job creation plan combining tax cuts with government spending.
President Obama outlined the American Jobs Act in a speech before a joint
session of Congress late Thursday. He said the United States is in a 搉ational
crisis?and called for immediate action to revive the economy and improve people抯
lives.
During the televised address, Mr. Obama called for an end to partisan
politics, describing it as a 損olitical circus,?and urged lawmakers to take steps
to help the economy.
Mr. Obama said his proposal would cut taxes for workers and businesses and
lead to new jobs for construction workers, teachers and other Americans. The
bill includes initiatives to put people to work repairing and modernizing roads,
railways, airports, waterways and at least 35,000 schools.
The president said it also offers tax credits to companies that hire
long-term unemployed workers and cuts payroll taxes in half for every working
American and every small business.
Recent figures showed job creation at a standstill, as concerns grow over
the possibility of a second recession. |
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