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Obama Plan Reveals Tax Credits And A Hiring Boost

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NEW YORK (CNNMoney) — President Obama unveiled a stimulus plan Thursday night that he says will boost hiring and provide a jolt to the stalled economy if it becomes law.
A mix of $253 billion in tax cuts and $194 billion in new spending, the total bill for the plan is $447 billion. Given staunch Republican opposition to most new spending, the measure has almost no chance of passing the House in its current form.

So what exactly does the president want Congress to do?

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