Obama says his deal with Republicans has "the potential to create millions of jobs" [View All]

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http://content.usatoday.com/communities/theoval/post/2010/12/obama-tax-cut-deal-has-the-potential-to-create-millions-of-jobs/1

Obama says tax deal will create jobs -- but House Dems table it

Angry House Democrats voted today to table a proposed tax cut extension that includes the nation's wealthiest Americans, even as President Obama said his deal with Republicans has "the potential to create millions of jobs."

The House Democratic Caucus said in a statement that it rejected the proposal on a voice vote, and "the decision means the package will not be brought to the House floor for a vote this year."

That may not be the last word. White House spokeswoman Jen Psaki downplayed the development, saying the "House and Senate are working through the normal process of bringing a bill forward and we are confident that the major components of the tax framework that we fought for will remain in the final package brought to the floor and ultimately passed by Congress."

Back at the White House, Obama stressed the stimulative effects of the proposed tax cut deal today, telling skeptical Democrats that it "would boost economic growth in the coming years." "It will provide businesses incentives to grow, invest, and hire," Obama said at a meeting of the President's Export Board...