Michael Hiltzik at the LA Times compares President Obama's job creation plan with the legislation offered by Republicans in Congress. The Republican plan is called the Jobs Through Growth Act, whose key provisions include a Balanced Budget constitutional amendment, reductions in corporate taxes, repeal of the health care reform legislation (which the Congressional Budget Office says will reduce the deficit), and drastic limits on recoveries in state medical malpractice lawsuits. (The Republicans have been trying to decimate the state tort system, including medical malpractice, for two decades or more, but tying medical malpractice "deform" to job creation is new to me!)
The President's plan is called the American Jobs Act. It also includes some tax cuts and incentives for corporations (with a focus on small business), but, unlike the Republican legislation, it would provide funds for direct job creation (for instance, jobs for teachers, firefighters, and police). As you probably know, the President does not have the votes to get his comprehensive bill enacted, so now he's going to try to get parts of it passed.