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Kerry pledge: 10 million new jobs in four years

Democrat rolling out his economic plan

Sen. John Kerry

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(CNN) -- Pledging to create 10 million new jobs in four years, presumptive Democratic Party presidential nominee Sen. John Kerry on Friday will begin to roll out his economic plan for the country in a series of three speeches, his campaign said.

With public opinion polls showing President Bush strong on terrorism and international issues and Kerry strong on domestic issues, including the economy, the Massachusetts senator sees an opportunity to score some political points.

The Bush administration has presided over the loss of more than 2 million jobs in an economy adversely affected by the dot-com bust, a recession and post-9/11 terrorism fears. However, Bush has highlighted an increase in American productivity, home ownership and an unemployment rate of 5.6 percent that is below the average unemployment rate for the last three decades.

According to the Kerry campaign, his economic proposal will include tax reform and credits to encourage job creation in the United States, an education and job training program, as well as a plan to "restore fiscal discipline and confidence in the American economy."

Friday's speech at Wayne State University in Detroit will focus on the tax reform portion of the plan.

"You know, economic plans aren't just about dollars and decimals. They're about choices," Kerry said in excerpts provided by the campaign. "Time after time, this administration has put ideology first and jobs last.

"Today, I'm announcing a new economic plan for America that will put jobs first. We will renew American competitiveness, make tough budget choices, and invest in our future. My pledge -- and my plan -- is for 10 million new jobs in the next four years."

Kerry's Jobs First plan will call for the "most sweeping international tax law reform in forty years" that would give tax incentives to companies that create jobs in the United States.

Outsourcing -- the relocation of jobs offshore -- has become a key issue in the leadup to the U.S. presidential election later this year, with Kerry promising to "crack down on the export of American jobs."

The tide of jobs leaving U.S. shores is not predicted to slow down any time soon, with independent technology research company Forrester Research saying more than 3 million jobs will move out of the United States by 2015. "Today, we have a tax code that does more to reward companies for moving overseas than it does to reward them for creating jobs here in America," his prepared text said.

"If a company is torn between creating jobs here or overseas, we now have a tax code that has American taxpayers paying to ship jobs overseas. That makes no sense. And if I am president, it will end."

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