President to review Buchanan’s jobs plan

BALTIMORE — President Barack Obama wants to review the five-point jobs plan introduced earlier this week by local U.S. Rep. Vern Buchanan, R-Sarasota.

The two met briefly Friday following a speech Obama gave before House Republicans in Baltimore.

“Get it over to me,” Obama told the congressman about the plan.

Said Buchanan: “I wanted to emphasize to the President the importance of creating private-sector incentives to create jobs and grow the economy. I reminded him of my background as a successful businessman who has created jobs.”

Buchanan said Obama asked him to make sure the plan was sent to him at the White House.

According to Buchanan’s press office, the Job Creation Act of 2010 would provide tax relief for small business investments and capital gains.

In addition to tax incentives for small business, Buchanan’s jobs bill includes the one year elimination of taxes on unemployment benefits. The bill also would require repaid TARP funds to be used to help pay down the debt and provide legal reforms to curb frivolous lawsuits.