THE PRESIDENT UNVEILS AMERICAN JOBS ACT OF 2011; INDUSTRY DOES NOT WANT OIL AND GAS SUBSIDIES REPEALED THAT WOULD HELP PAY FOR THE JOB MEASURES

摘要

On 9/15/11 President Barack Obama sent the American Jobs Act of 2011 to Congress, urging "prompt and favorable consideration" of the proposed legislation. Among the measures to promote jobs, cut taxes for small businesses, and extend unemployment benefits, the bill includes a proposal to repeal certain oil and gas subsidies.