outline some cuts on thursday in his speech, but he would then put out a more detailed package later, explaining more of those cuts when he makes the proposal to the deficit super committee, and i should point out that of course, these numbers could change between now and thursday, anderson. so just so i m clear, $300 billion in new spending and then an equal amount of cuts or what is the breakdown? yes. yes. $300 in new spending and $300 in cuts so that you will come out with a zero total in the end. and do we know specifics about or what could be in the package? or what other specifics? right. the biggest ticket items as we understand it would be payroll tax cuts and then an extension of unemployment insurance. those are the big dollar figures. but, i m also beginning to believe by democratic policy makers in the package some money for laid off teachers, also funds to renovate the dilapidated schools and the democrats see it as a quick way to employ laborers an stud
just so i m clear, is that $300 billion in new spending and then an equal amount of cuts? or what is the breakdown? reporter: yes. 300 in new spending and then 300 in cuts so that you come out with a zero total in the end. and do we know specifics about or what could be in the package? or what other specifics? reporter: right. the biggest ticket items as we understand it would be payroll tax cuts and then an extension of unemployment insurance. those are the big dollar figures. but i m also given to believe by democratic policymakers that there s likely to be in the package some money for example for laid-off teachers. also funds to renovate dilapidated schools. democrats see that as a quick way to employ laborers and also to help students. and then possibly even funds for first responds. obviously you can see why there s political advantage to putting in monies for first responders and teachers, not only are you employing laid-off individuals but it s also theoreti
the deficit super committee. and i should point out these numbers could change between now and thursday, anderson. just so i m clear, is that $300 billion in new spending and then an equal amount of cuts? or what is the breakdown? reporter: yes. 300 in new spending and then 300 in cuts so that you come out with a zero total in the end. and do we know specifics about or what could be in the package? or what other specifics? reporter: right. the biggest ticket items as we understand it would be payroll tax cuts and then an extension of unemployment insurance. those are the big dollar figures. but i m also given to believe by democratic policymakers that there s likely to be in the package some money for example for laid-off teachers. also funds to renovate dilapidated schools. democrats see that as a quick way to employ laborers and also to help students. and then possibly even funds for first responds. obviously you can see why there s political advantage to putting
he ll lay it out thursday night to congress and the nation. democratic sources telling us tonight it calls for about $300 billion in tax breaks, incentives and other spending offset by equal amount of budget cuts. it s being described as a make or break moment for the president. we ll discuss it along with mitt romney s competing plan which he unveiled today. first jessica yellin. reporter: democratic sources in discussions with the white house confirm that $300 billion figure has been the working figure for the jobs package for at least a week now. it would mean as you say 300 billion in both spending and then cuts. the white house has said that this will be a revenue-neutral package. so that would mean that in addition to outlining the new spending, the president will also outline some cuts on thursday in his speech. but he would then put out a more detailed package later explaining more of those cuts when he makes his proposal to the deficit super committee. and i should
incentives and other spending offset by equal amount of budget cuts. it s being described as a make or break moment for the president. we ll discuss it along with mitt romney s competing plan which he unveiled today. first jessica yellin. reporter: democratic sources in discussions with the white house confirm that $300 billion figure has been the working figure for the jobs package for at least a week now. it would mean as you say 300 billion in both spending and then cuts. the white house has said that this will be a revenue-neutral package. so that would mean that in addition to outlining the new spending, the president will also outline some cuts on thursday in his speech. but he would then put out a more detailed package later explaining more of those cuts when he makes his proposal to the deficit super committee. and i should point out these numbers could change between now and thursday, anderson. just so i m clear, is that $300 billion in new spending and then an e