dan simon, living the collective dream in san francisco. cnn newsroom continues right now. hello, everyone, president obama is just about to land in columbus, ohio, to campaign for the jobs bill that republican leaders of congress are openly rejecting. barely 24 hours ago the president showed off his american jobs act and demanded congress pass it with, and i quote, no games, no politics, no delays. but then came the details of how the $447 billion package would be paid for. two words. tax hikes. and you could hear the opposition digging in. the biggest hike by far would be a cap on itemized deductions for high earners. the white house estimates that would raise $400 billion over four years. the bill would also close loopholes enjoyed by oil and gas companies, raising an estimated $40 billion. it would raise taxes on investment fund managers and scale back depreciation rules for corporate jets and suddenly republicans who had been promising to hear the president out had h