Obama proposes tax hikes to pay for jobs bill

By Stephen Collinson
AFP – Mon, Sep 12, 2011
1,487 comments

US President Barack Obama signaled he would pay for his $447 billion dollar jobs plan by raising taxes on the rich and energy corporations and demanded that Congress pass it right away.

The president, seeking to reset his under-pressure presidency and slice away at 9.1 percent unemployment, sent the bill to lawmakers and warned Republicans on Monday not to slow it down with “political gamesâ€