Small Business, Job Creation | featured news

President Barack Obama sent Congress today a package of small business measures he said would expand tax relief and unlock capital to boost the economy and create jobs.

President Obama this evening rolls out a plan to inject $447 billion into the ailing economy through tax cuts aimed at working families and small businesses and spending to rebuild infrastructure, proposing a larger cash infusion than expected – and, perhaps, more than Congress will seriously consider.

In the wake of a new jobs report showing increased unemployment, President Obama today said the steps his administration has taken to improve the economy are working, but not fast enough. He called on Congress to pass a small business bill and said he would announce next week a broader set of ideas to accelerate job creation.

President Barack Obama proposed on Tuesday small business tax cuts, fresh infrastructure spending and energy efficiency rebates to boost jobs, but there were few details on the scale or cost of the measures.