Even as he trumpeted a slowdown in the nation’s job losses Friday, President Barack Obama put finishing touches on a proposal he’ll unveil next week to “jump-start” business hiring across America.
In a speech from Washington on Tuesday, Obama plans to send Congress an initial list of ideas he supports for a new jobs bill. Among the ideas he will likely endorse is the expansion of a program that gives people cash incentives to fix up their homes with energy-saving materials, two senior administration officials said.
Obama also is leaning toward new incentives, either through the tax code or some other means, for small businesses that hire new workers and new spending for the construction of roads, bridges and other infrastructure, said the officials, who spoke on condition of anonymity because the package, and Obama’s speech, are still being crafted and could change through the weekend and beyond.
The president is open to a federal infusion of money to cash-strapped state and local governments, considered among the quickest and most effective – though expensive – ways to stem layoffs. But officials stressed the president likely won’t mention in his speech every job-stimulating idea he will eventually support.