Obama Makes Renewed Pitch for Jobs Bill (VIDEO)
Updated: 11:00 a.m.
President Barack Obama used his weekly radio address to make another plea for passage of his jobs bill, a message that has met with little enthusiasm so far on Capitol Hill.
He also said he would lay out his plan to pay for the $447 billion proposal on Monday.
“It will create new jobs. It will cut taxes for every worker and small business in the country. And it will not add to the deficit. It will be paid for,” Obama said.
His plan for funding the spending programs and offsetting the tax cuts includes “asking everyone to pay their fair share,” language the president has used in the past to indicate a tax increase on the highest earners.
In the radio address, Obama reiterated two points he made multiple times during his speech to a joint session of Congress on Sept. 8: That the proposal includes ideas backed in the past by members of both parties, and that Congress should “pass this jobs bill right away.”
On the first of those points, Republican leaders on Friday indicated there might be some agreement.
In a memo, GOP leaders pointed to proposals that would extend the ability of companies to expense 100 percent of the cost of certain properties, eliminate a 3 percent withholding provision for government contracts, reduce regulation of small-business capital formation, create incentives to hire veterans and modify unemployment insurance.
In today’s official GOP radio response, Illinois Rep. Peter Roskam also called for an end to the “hostile regulatory environment” that Republicans say is hurting job creation.
“I hope the president will consider our ideas as we take a look at his,” Roskam said. “Let’s listen to the people and find common ground to remove barriers to job creation.”