President Obama unveiled a $447 billion jobs proposal Thursday night, repeatedly calling on Congress to work together and “pass this jobs bill.” The centerpiece of the bill is an extension of the payroll-tax cut, valued at $240 billion, that would slice in half the tax paid by employees through 2012 and reduce taxes for small businesses. The bill also includes $140 billion for modernizing schools and improving infrastructure, and a tax holiday for businesses hiring new employees. The Daily Beast’s Howard Kurtz writes that although the president wants to save American jobs, he may have to settle for saving his own. We survey leading economists on the speech's impact, and Harold Evans, Peter Beinart, Eleanor Clift and other contributors also rate Obama's performance. Plus: watch highlights of the speech.
Daily Beast
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