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