In testimony before the Senate Budget Committee, Doug Elmendorf, the director of the Congressional Budget Office, presented this chart estimating the job-creating possibilities of different stimulus proposals:

Brian Beutler summarizes: “Move down the top two ladders and you’re basically moving from Democratic priorities to Republican priorities...Cutting income taxes across the board is less effective than anything that puts money in the hands of people who need it to pay for necessities (extending unemployment insurance and the payroll tax holiday are both top Obama goals). Letting corporations repatriate foreign-earned profits tax free (as Republicans want) does almost nothing, while creating incentives for firms to hire has a fairly substantial effect.”