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A merchant banker, Jim O'Neill, this week claimed that George Osborne has accepted his "city growth" proposal to move fiscal and other liberties to Britain's 15 big cities.
"The president has demonstrated leadership in quickly formulating a comprehensive growth proposal," John T. Dillon, chairman of the Business Roundtable and the chief executive of International Paper, said in a statement.
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Netflix, in particular, has outlined ambitious growth proposals for Europe and beyond, as the American market becomes saturated.
The job and growth proposals I've outlined today are a focused plan to encourage consumer spending, to promote small-business growth, to boost confidence in our markets and to give critical help to unemployed citizens.
Still, the political gamesmanship and the maneuvering over the optics of the speech left little hope of compromise once the speech takes place and Mr. Obama lays out his promised job growth proposals and plans to get the economy moving.
Mr. Gabriel held his own news conference on Tuesday, in which he praised Mr. Hollande and was sharply critical of the crisis management of Ms. Merkel, saying that growth proposals fell on "deaf ears" with the chancellor.
Although the cap rises annually to keep pace with average wage growth, proposals by liberal Democrats have focused on lifting the cap so that it captures a greater share of income, because the percentage of earnings subject to the tax has declined in recent decades.
GOP Sen. Rob Portman of Ohio called the Republican polyglot a "pro-growth proposal to create the environment for jobs".
Mr. Schumer added, "Their agenda seems intended only to provide cover for blocking the kind of pro-growth proposals needed to make a difference".
To keep up with future inflation and wage growth the proposal would peg the salary threshold at the 40th percentile of income, individuals familiar with the plan said.
Because new government purchases can devolve into counterproductive political boondoggles that spur little economic growth, another proposal one often hears is to expand government transfer payments.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com