The jobs proposal includes:
Renewing payroll-tax cuts So, we are going to cut FICA payroll deductions for both employers and employees by 50% at a time when the coffers for Social security has already red-lined and Medicare has already suffered 500million loss to fund medicare, with more cuts on the way from the supercommittee, (and when the retirement community is growing every day, while fewer workers are left to pay for them) Man this sounds like a REAL good deal, as long as you’re not a senior citizen.

Tax credits for new hires (long-term unemployed and returning veterans)
Short term schemes will not boost any confidence in the free-market. Economic growth requires a long term tax structure that business can plan hiring and expansion around

Tax Reform/Deform? proposes possibly lowering the corporate tax rates in exchange for dropping all tax deductions and subsidies. At the same time raise taxes on the wealthy (individual incomes)? All this does is shift the tax burden from corporations to wealthy individuals who own corporations. Possibly causes irrepairable damage to small business due to increased taxes and shifts more burden on to the middle class.

Everything else is deficit spending to the tune of about 440 Billion dollars with no other benefit besides a few short-term public and union jobs.

Summary: No economic benefit, but adds to the deficit. No economic stimulus detected here !