Jobs Plan - WAOW - Newsline 9, Wausau News, Weather, Sports

Jobs Plan

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(CNN)--Details are emerging about President Obama's jobs initiative, set to be unveiled before a joint session of Congress Thursday night.

Democratic sources say it's a roughly 300-billion-dollar plan.

The plan will be focused mostly on new infrastructure spending and targeted tax cuts for individuals and small businesses.

One Democrat familiar with the plan says it would be paid for partly by closing corporate loopholes and raising taxes on the wealthiest Americans.

Some Republicans have already dismissed the proposal, saying it would just be a continuation of what they characterize as his failed 2009 stimulus.

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