job creation | Key elements

Here are the 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.

Source: Associated Press