The Wall Street Journal reports Senate Majority Leader Harry Reid has proposed a new way to deal with Democrats who felt the American Jobs Act wasn't structured the right way. President Barack Obama submitted the act to Congress for approval but has been met with resistance in both parties. Republicans in the House of Representatives have come up with their own jobs plan which was unveiled in mid-September.
Here is a look at a few competing jobs proposals under consideration in the House and Senate.
5: Percentage of a surtax on the wealthiest Americans, as proposed by Reid. The New York Times states the surtax on the wealthiest Americans would pay for the plan.
445 billion: Dollars the Democrat-supported jobs bill is worth. The issue between the parties is how to pay for it.
1 million: Income threshold for the surtax, in dollars. ABC News reports Obama's original plan called for ending oil subsidies and increasing taxes on people who make over $250,000 per year.
1.95 trillion: Deficit reductions promised in the American Jobs Act, in terms of dollars. President Obama would have altered the original budget crisis compromise plan by increasing the amount of money cut by the federal government. The increased amount to cut is to be submitted to the so-called "super committee" that is finding cuts in government spending.
73: Percentage of wealthy families who support greater taxes on the rich in the U.S. The Wall Street Journal reports the survey was conducted on families who make $100,000 or more. Nearly three-fourths of them supported more taxes on Americans who make more than $1 million per year.
23: Percentage of those same families surveyed who believe incomes of $100,000 or more should be taxed a greater amount. In logical fashion, the higher the income the more readily people believe that income bracket should be taxed.
1.75 trillion: Estimated annual cost, in dollars, to the U.S. economy because of federal government regulations. The number comes from the Republican plan entitled "The House Republican Plan for America's Job Creators."
39: Percentage of corporate income that goes to taxes. The rate is combined from state and federal sources that are the second-highest in developed countries. Republicans want to lower corporate tax rates to give them more incentives to hire more workers.
1,000: Average annual increase in family income, in dollars, as proposed by the Path to Prosperity . The document was filed by Rep. Paul Ryan, R-Wis., and has been part of the GOP plan to stimulate job growth by lowering taxes and cutting government spending. The Path to Prosperity supposes tax cuts on businesses and less government spending will increase wealth in every American household.
William Browning is a research librarian.
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