Obama Sends Congress Deficit-Neutral $447B Jobs Bill

Law360, New York (September 12, 2011, 10:41 PM EDT) -- President Barack Obama on Monday sent Congress a $447 billion bill to create jobs through a combination of tax breaks and domestically-sourced infrastructure projects that will be funded through a tax increase on America’s highest earners and a rollback of oil and gas subsidies.

Obama unveiled the American Jobs Act before a joint session of Congress on Thursday, but the legislation sent to Congress fleshes out the details of his jobs package.

"The purpose of the American Jobs Act of 2011 is simple: put more people...
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