At its root, President Obama’s jobs stimulus plan pays for spending and tax cuts now by promising tax increases that wouldn’t kick in until 2013 — after next year’s elections — and would last through the rest of the decade.

His bill, which the White House submitted to Congress on Monday afternoon, amounts to $194 billion in spending and $253 billion in tax cuts in the next couple of years, all of which is funded by raising taxes by $467 billion over the rest of the decade.

Combined, it amounts to a net tax increase of $214 billion to pay for the spending.

Although many of the spending and tax-cut items have had bipartisan support in the past, the tax increases Mr. Obama proposed Monday instead have faced bipartisan opposition and have been rejected by Congress even when it was controlled by Mr. Obama’s own party.

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