Obama Could Propose $300 Billion In Tax Cuts Spending - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Obama Could Propose $300 Billion In Tax Cuts Spending

President Barack Obama is expected to propose $300 billion in tax cuts and federal spending when he unveils his jobs agenda in a nationally televised address Thursday night.

People familiar with the plan say the two biggest measures are expected to be a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits, which would total about $170 billion.

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