Yikes.
Via Weekly Standard:
The Congressional Budget Office reports that the “American Jobs Act” would make the federal deficit jump $288 billion in 2012. In other words, the 2012 deficit would rise by about twenty-five percent — from $1.2 trillion to $1.5 trillion. The most recent budget fight between Republicans and Democrats resulted in just a $22 billion cut to the 2012 deficit.
The CBO predicts that over 10 years the American Jobs Act would raise enough taxes to pay for the short-term stimulus:
CBO estimates that enacting the bill would increase the budget deficit by $288 billion in 2012 and decrease deficits by $3 billion over the 2012–2021 period. That estimated deficit reduction of $3 billion over the coming decade is the net effect of $447 billion in additional spending and tax cuts in titles II through III and $450 billion in additional tax revenue from the offsets specified in title IV.