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Obama Jobs Plan: Read The American Jobs Act (FULL TEXT)

First Posted: 09/12/11 05:39 PM ET Updated: 11/12/11 05:12 AM ET

President Barack Obama formally released his administration's plan to boost job creation on Monday.

"This is the bill that Congress needs to pass," the president said. "No games. No politics. No delays."

HuffPost's Sam Stein reports:

The Obama administration announced on Monday a series of tax policy changes that officials say will pay for the costs of the president's job creation plan.

The provisions, announced by Office of Management and Budget Chair Jack Lew, would raise a projected $467 billion over the course of 10 years. The American Jobs Act, as outlined by the president last week, will cost an estimated $447 billion.

Below, full text of the "American Jobs Act."

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American Jobs Act

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Filed by Elyse Siegel  |