Senate GOP Poised To Scuttle President Obama's Jobs Plan - Newschannel 6 Now | Wichita Falls, TX

Senate GOP Poised To Scuttle President Obama's Jobs Plan

WASHINGTON (AP) - President Barack Obama's jobs bill appears likely to fail because Republicans oppose its spending components and its tax surcharge on millionaires.

Obama has waged a campaign-style effort to rally voters behind the $447 billion measure, which is expected to come to a test vote today in the Senate.

The bill combines payroll tax cuts for workers and businesses with spending on infrastructure projects and unemployment assistance and help to local governments to avoid layoffs of
teachers, firefighters and police officers.

The White House cites economists like Mark Zandi of Moody's Analytics, who predicts that the measure would add 2 percentage points of growth to the economy, add 1.9 million payroll jobs and reduce unemployment by a percentage point.

Republicans say the proposal would be another expensive failure in stimulus spending.

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