White House willing to pay for Job bills by Chey Mello

On Monday, the Obama administration proposed a $467-billion package of savings deal. Changing how deductions count for wealthy income-tax payers, meant to offset the cost of its proposed jobs package. The package is being sent to Congress along with the $447-billion jobs bill. The extra $20 billion is designed to create a cushion to make sure the job plan is fully paid for, as the president has promised. Jay Carney says, “In order to invest in jobs and growth, we're going to have to pay for it.” The proposal includes limiting some deductions for those earning at least $200,000 a year or for families who make $250,000 a year. This would be a change that would save America $400 billion over 10 years.   
Corrected by: Adriana L.