AP: Senate Democrats Draft $82.5 Billion Jobs Plan

Senate Democrats draft $82.5 billion jobs plan

The Associated Press
Monday, January 25, 2010; 7:56 PM

WASHINGTON -- Top Senate Democrats have drafted an $82.5 billion "jobs" plan that would help small businesses, boost spending on road construction and mass transit, and give local governments money to retain teachers.

The draft document proposes $20 billion for a job creation tax credit and $12.5 billion to retrofit homes and businesses to make them more energy efficient. It has not been publicly released but a summary was obtained by The Associated Press.

The debt-financed plan faces a difficult path through Congress, especially since Republicans now control enough seats to maintain a filibuster in the Senate. The House passed a significantly larger plan last month.

The plan also would rescind $150 billion in unused Wall Street bailout authority.

http://www.washingtonpost.com/wp-dyn/content/article/2010/01/25/AR2010012503552.html