• Cutting payroll tax in half for 98% of businesses:  The President's plan will cut in half the taxes paid by businesses on their first $5 million in payroll, targeting the benefit to the 98% of firms that have payroll below this threshold. 
• A complete payroll tax holiday for added workers or increased wages:  The President's plan will completely eliminate payroll taxes that increase their payroll by adding new workers or increasing wages of their current workers (the benefit is capped at the first $50 million in payroll increases).
• Extending 100% expensing in 2012:  This continues an effective incentive for new investments.
• Reforms and regulatory reductions to help entrepreneurs and small businesses access capital.

• A "Returning Heroes" hiring tax credit for veterans:  This provides tax credits from $5,600 to $9,600 to encourage the hiring of unemployed veterans.
• Preventing up to 280,000 teacher layoffs, while keeping cops and firefighters on the job.
• Modernizing at lease 35,000 public schools across the country, supporting new science labs, Internet-ready classrooms and renovations at schools across the country, in rural and urban areas.
• Immediate investments in infrastructure and a bipartisan National Infrastructure Bank, modernizing our roads, rail, airports and waterways while putting hundreds of thousands of workers back on the job.
• A New "Project Rebuild", which would put people to work rehabilitating homes, businesses and communities, leveraging private capital and scaling land banks and other public-private collaborations.
• Expanding access to high-speed wireless as part of a plan for freeing up the nation's spectrum.  

• The most innovative reform to the unemployment insurance program in 40 years: As part of an extension of unemployment insurance to prevent 5 million Americans looking for work from losing their benefits, the President's plan includes innovative work-based reforms to prevent layoffs and give states greater flexibility to use UI funds to best support job-seekers including 

   -  Work-Sharing:  UI for workers whose employers choose work sharing over layoffs. 

• A $4,000 tax credit to employers for hiring long-term unemployed workers.
• Prohibiting employers from discriminating against unemployed workers when hiring.
• Expanding job opportunities for low-income youth and adults through a fund for successful approaches for subsidized employment, innovative training programs and summer/year-round jobs for youth.

• Cutting payroll taxes in half for 160 million workers next year:  The President's plan will expand the payroll tax cut passed last year to cut workers taxes in half in 2012--providing a $1,500 tax cut to the typical American family, without negatively impacting the Social Security Trust Fund.
• Allowing more Americans to refinance their mortgages at today's near 4% interest rates, which can put more than $2,000 a year in a family's pocket.