Sept. 14 (Bloomberg) -- Roger Altman, chairman and founder of Evercore Partners Inc. and a former U.S. deputy Treasury secretary, said Congress will approve portions of President Barack Obama’s $447 billion jobs plan.
“Part of the proposal the president has made will be enacted, particularly the payroll tax cuts,” Altman, 65, said today in a Bloomberg Television interview with Lisa Murphy and Matthew Miller. “I think the Republicans will ultimately support those.”
A majority of Americans doesn’t think Obama’s jobs plan will help lower the unemployment rate, a Bloomberg National Poll conducted Sept. 9-12 shows. Altman said the plan will have a “positive impact” on economic growth and jobs. Cutting the nation’s deficit will require a mix of spending cuts, he said.
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