President Obama's $447 billion jobs plan faces an important test on Capitol Hill today. Democrats plan to bring the bill to the Senate floor for a vote, even though it is already in jeopardy.
Mr. Obama has been waging a campaign-style effort to rally public support behind the American Jobs Act. The plan combines payroll tax cuts for workers and businesses with $175 billion in spending on roads, school repairs and other infrastructure, as well as unemployment assistance and help to local governments to avoid layoffs of teachers, firefighters and police officers. The package reprises parts of President Obama's 2009 stimulus measure and a Social Security payroll tax cut enacted last year. The jobs measure would be financed by a 5.6 percent surcharge on income exceeding $1 million, raising more than $450 billion over a decade.
The bill requires 60 yes votes to overcome a Republican filibuster, and CBS News Congressional correspondent Nancy Cordes reports that's not likely to happen.
For more:US Senate Republicans poised to kill Obama's jobs plan - CBS News
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