The cost of President Obama’s jobs plan is in addition to at least$1.2 trillion that a congressional “supercommittee” is tasked with finding to reduce budget deficits. On Monday, the White House outlined how it would pay for the jobs plan. The proposal relies on a series of tax increases that have been previously rejected by Republicans and many Democrats. Read related story.

Source: White House | The Washington Post September 12, 2011
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