Obama Budget, Jobs Plan Get Early Tests on Hill
“President Barack Obama’s proposed budget… is getting an early test with lawmakers weary of record deficits, wary of his tax ideas and nervous about winning re-election in November…
“Treasury Secretary Tim Geithner and Obama’s budget director, Peter Orszag, were to push it during appearances Tuesday before congressional committees to explain the president’s $3.8 trillion budget plan…
“Congress rejected the idea of a jobs credit for businesses last year, questioning whether it would work and how to prevent unscrupulous employers from defrauding the government.
“Obama also wants to renew some expiring goodies from his stimulus plan last year:
“_Another round of $250 bonus payments to Social Security recipients and other retirees.
“_Extended jobless benefits and health insurance subsidies for the long-term unemployed…
“‘As if record deficits weren’t enough, President Obama’s budget still includes major tax increases that will hit our fragile economy like a brick wall,’ said Rep. Tom Price of Georgia.”
http://news.yahoo.com/s/ap/20100202/ap_on_bi_ge/us_obama_budget
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