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U.S. President Barack Obama waves to reporters as he walks through the colonnade of the White House in Washington February 12, 2013. REUTERS/Yuri Gripas

Obama proposes raising minimum wage, investing in infrastructure jobs
Obama proposes raising minimum wage, investing in infrastructure jobs
Posted : Tuesday, 12 February 2013 09:19PM

WASHINGTON (Reuters) - U.S. President Barack Obama proposed on Tuesday to hike the minimum wage by more than 20 percent, invest $50 billion on crumbling roads and bridges and spend $15 billion on a construction jobs program in a bid to boost economic growth.

In his annual State of the Union address, Obama urged Congress to support his plan, which would include tax and education reforms that the administration believes would help attract manufacturers back to the United States.

The complete cost of the program would be offset by spending cuts and tax reforms that will be laid out in Obama's budget proposal in the weeks ahead, senior administration officials told reporters.

(Reporting by Roberta Rampton, Jeff Mason and Mark Felsenthal; Editing by Jim Loney)

(c) Copyright Thomson Reuters 2013. Check for restrictions at: http://about.reuters.com/fulllegal.asp
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