Evercore’s Altman Says Parts of Obama’s Jobs Plan Will Pass

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.