Key elements of the job creation package President Barack Obama outlined Tuesday:
Small Business Incentives
_Eliminating capital gains taxes on new investments in small businesses through 2010 if the investments are held for at least five years.
_Extension through 2010 of a law that allows small businesses to take immediate tax write-offs on up to $250,000 of qualified investments.
_An employment tax cut through 2010 to encourage small business hiring.
_Making Small Business Administration loans more readily available by eliminating fees and increasing federal loan guarantees in 2010.
Roads, Bridges and Other Infrastructure
_Up to $50 billion in new spending on ready-to-go construction projects.
_New merit-based procedures to select infrastructure projects for financing.
Energy Efficiency Investments
_Rebates for homeowners to make energy efficient improvements.
_Expansion of programs that use federal money to leverage private investments in industrial and manufacturing projects that use clean energy.