Assuming everything works out OK, it will only cost $87,500 to preserve each state and local job for one year

$35 billion for 400,000 jobs?

Republicans and two Democrats filibustered President Barack Obama’s $445 billion jobs package last week, forcing Democratic leaders to break the legislation into pieces. Reid indicated he’d like to hold a vote on a different piece of the jobs package each week.

The $35 billion bill would create or save 300,000 teaching jobs and 100,000 first responder jobs, Reid said. It would be paid for with a 0.5 percent surtax on those earning more than $1 million a year, similar to Reid’s proposal to pay for the entire Obama jobs plan.