TEXT: Obama's Jobs Plan

President Barack Obama just sent his 155-page jobs plan to Congress.

Some highlights:

  • The over $400 billion in tax increases would not take effect until 2013
  • Over $6 billion is included for rail investment
  • States could not reallocate funds to close budget deficits
  • Requirement that money for hiring be spent by the end of 2013.
  • Would create seven-member American Infrastructure Financing Authority. Members appointed by the president, thoguh s/he could not appoint more than four from the same party.

Here’s the 41-page, section-by-section summary

Here is Obama’s letter to Congress accompanying the plan:

And here is the full 155-page legislative text:

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