President Obama would pay for his $447-billion jobs package by closing tax loopholes and wiping out deductions for wealthier families and specific industries, White House officials said, drawing immediate blowback from Republican leaders.

The exchange Monday echoed the bitter debt ceiling debate that brought the country to the brink of default. Obama largely resurrected ideas that he failed to achieve over the summer when he sought to cut the nation’s deficit through a “grand bargain.” Republicans insisted they would not support what they characterized as tax increases.