White House Ideas to Pay for Jobs Plan Same as Debt Deal Wish List
White House aides over the past week have said that President Obama's new jobs plan will be paid for in full, and now details are trickling out on how they intend to do that, and it's with proposals they were unsuccessful in getting over the summer.
Communications Director Dan Pfeiffer said in an interview on WMAL Wednesday morning, "Money's going to come from closing tax loopholes, for things like corporate jets, and tax breaks for oil companies, from asking the wealthiest Americans -- people over $250,000 a year to just give a little bit more, to pay their fair share," he said.
If those ideas sound familiar, that's because they are.
Specifically, those initiatives are exactly what the White House pushed for during the heated debt deal negotiations over the summer, but didn't get.Take what the president said on July 25, during a prime time address at the height of the battle with Republicans over raising the debt ceiling:
"Democrats and Republicans agree on the amount of deficit reduction we need. The debate is about how it should be done. Most Americans, regardless of political party, don't understand how we can ask a senior citizen to pay more for her Medicare before we ask corporate jet owners and oil companies to give up tax breaks that other companies don't get.
How can we ask a student to pay more for college before we ask hedge fund managers to stop paying taxes at a lower rate than their secretaries? How can we slash funding for education and clean energy before we ask people like me to give up tax breaks we don't need and didn't ask for?," Obama said.
Obama prepped the comments by saying that both parties agreed on the amount of deficit reduction, but now on how.
When asked Wednesday whether these items to pay for the plan will meet bipartisan criteria, White House Press Secretary Jay Carney said that's for the press to judge, but notes they believe they'll be supported by the American people.
"We are open to other ideas if they're constructive and...[a]nd if they're not, like proposals that have no immediate effect on the economy, even if you judge them to be good, that's not what we're looking for here," Carney said.
"We need to have something that has an impact in the near term; and if they're not...retreads of the very policies that got us into this mess. I don't think the American people are looking for that," he added.
Obama gives his speech before a joint session of Congress Thursday evening. It's unclear if he'll meet with GOP leaders ahead of the session to go over the ideas.