Obama to Propose Billions in Tax Cuts, Spending

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President Obama is facing a lot of skeptics in Congress and among the American people.

New poll numbers show many in the U.S. have lost faith in Washington's ability to fix the economic crisis. 

"I thought he was going to create those jobs he promised, I mean any kind of job, but it's gotten worse," said Grace Arroyo, a resident of Lorain, Ohio.

Mindful of his sagging ratings, the president will present his jobs plan Thursday night before a joint session of Congress.
Obama is expected to propose $300 billion in tax cuts and federal spending. People familiar with the plan say it will include a one-year extension of a payroll tax cut for workers and an extension of expiring jobless benefits.

The president is challenging Republican lawmakers to step up to the plate and back his jobs strategy.

"You say you're the party of tax cuts? Well then, prove you'll fight just as hard for tax cuts for middle-class families as you do for oil companies and the most affluent Americans," he challenged. "Show us what you got."

Obama also wants to put federal money into infrastructure projects and hire construction workers.
But Republicans will likely oppose any new spending unless it's offset by cuts.
Meanwhile, GOP presidential hopeful Mitt Romney introduced his own plan involving cutting corporate taxes and government regulation.

"The right answer for America is not to grow government. It is instead to create the conditions that allow the private sector and entrepreneurs to create jobs," Romney told a crowd in Las Vegas Tuesday.

While the president said his administration is putting in the work to help the economy, a new ABC News-Washington Post poll finds a vast majority of Americans disagree.

The poll showed that 77 percent say the country is on the wrong track. Record numbers say they don't trust Obama or the GOP to fix the economy.
"These people in Washington act like they care about this country. They care about themselves," one voter said.

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CBN News
Mark Martin

Mark Martin

CBN News Reporter

Mark Martin is a reporter and anchor at CBN News, covering various issues from military matters to alternative fuels. Mark has reported internationally in the Middle East and traveled to Bahrain to cover stories on the U.S.S. Dwight D. Eisenhower. Follow Mark on Twitter @MarkMartinCBN and "like" him at Facebook.com/MarkMartinCBN.