By  on September 9, 2011

WASHINGTON — President Obama, facing a stubbornly high unemployment rate, plummeting consumer confidence, volatile financial markets and an economy teetering on the brink of recession, outlined a $447 billion jobs plan Thursday night that contained many provisions championed by retailers and apparel brands.

Dubbed the American Jobs Act, Obama's comprehensive plan includes a mix of tax cuts for businesses and individuals, and investment in infrastructure and schools.

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