President Obama previews jobs plan

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August 31, 2011, 6:42 pm
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(NECN/CNN: Jessica Yellin, Washington, D.C.) -- Even during a speech to the American Legion in Minnesota, the President couldn't resist a preview of his highly anticipated jobs plan.

"Next week, I'll be speaking to the nation about a plan to create jobs and reduce our deficit - a plan that I want to see passed in Congress. We've got to get this done," said the President.

It's an effort to jumpstart the economy and to shore up his dwindling poll numbers.

A recent CNN/ORC poll shows only 37 percent of Americans approve how the President is handling unemployment.

So next week he's rolling out a package that's likely to include an extension of a payroll tax cut for workers which is set to expire at the end of the year;

Also possible in the plan - businesses could get a tax break for each new worker they hire or even an additional credit for hiring the long-term unemployed.

Outside policy makers consulted by the white house say other possible ideas include a program that gives the long-term unemployed job training experiences with local businesses and new spending on infrastructure.

It could bring back build america bonds - which can make it cheaper for cities and states to build roads and bridges or fund school renovations and programs to make low-income housing more energy efficient.

The White House is tight lipped on the details, we're told that's because the president still hasn't signed off on a finished product.

Tags: President Obama, Jessica Yellin, Obama Jobs Plan
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