Alert
Close

   

Enter the Family Fun Travel Sweepstakes. No purchase necessary. See official rules

Highlights

Open
Military and Veterans Discount

 

Free AARP E-Books

Protecting Yourself Online for Dummies

Here's the mini guide you need to steer through the hazards with confidence.

Learn More

You Could Choose Your Dream Vacation

FREE FUN!

AARP Games - Play Now!

             

AARP Staying Sharp: Keep Your Brain Healthy

News & Politics Forums

Share your opinions on news and current events that matter most to you.

Join the discussion »

AARP Auto Buying Program

MOST POPULAR

Viewed

Obama to Congress: Pass New Jobs Bill

President urges tax breaks, jobless benefits

Republicans are pushing for a tax holiday for U.S. businesses on their earnings from abroad. But that was not included in Obama's proposal. "When you give businesses tax credits in a weak economy, it just goes in their pockets," Stone said. "It's not that they are burdened by high taxes. They are burdened by low sales."

Funding construction to rebuild schools, highways and bridges and create jobs. Under the Obama plan, about 35,000 schools would be modernized, and roads and public infrastructure would be improved. Viard said infrastructure spending often can't be pumped into the economy fast enough to help in the short term because of the lead time for projects.

Aid to state and local governments. They are already struggling to balance their budgets so they can avoid laying off teachers and police.

Regulatory relief. Specifically, Obama wants to make it easier for homeowners to refinance at the current low interest rates. Republicans have pushed for much broader regulatory relief.

In a letter to Obama this week, Boehner and House Majority Leader Eric Cantor, R-Va., said the nation must tackle "excessive federal regulation that is hampering job growth across our country" and criticized him for proposing 219 new regulatory actions that would cost the economy billions.

Viard said that neither party can fix the economy immediately.

"We shouldn't expect anybody — Republican or Democrat — to come up with a magic cure," Viard said. But "there are ways to mitigate the pain."

Tamara Lytle is a veteran Washington reporter.

Topic Alerts

You can get weekly email alerts on the topics below. Just click “Follow.”

Manage Alerts

Processing

Please wait...

progress bar, please wait

Tell Us WhatYou Think

Please leave your comment below.

Advertisement

Discounts & Benefits

From companies that meet the high standards of service and quality set by AARP.

member benefit aarp financial service auto insurance

AARP® Auto Insurance Program from The Hartford offers members no-cost quotes.

membership benefit financial college aarp

Advice on saving for education from AARP® College Savings Solutions from TIAA-CREF.

AARP Credit card from Chase

Members can earn 3% cash back on purchases with the AARP® Credit Card from Chase.

Member Benefits

Join or renew today! Members receive exclusive member benefits & affect social change.

Advertisement