President Barack Obama asked lawmakers on Monday to again consider increasing taxes on high earners, private equity managers and oil and gas companies to pay for his $447 billion job-creation package, Bloomberg reported.

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The bill Obama sent to Capitol Hill yesterday included previously proposed revenue-raising provisions, such as a cap on deductions for upper-income taxpayers, which have failed to advance in Congress in recent years. The administration also proposed new ideas, such as curbing the amount of interest from municipal bonds that top earners could exclude from their taxable income.

The biggest revenue-raising proposal in the jobs package — about $400 billion — would cap at 28 percent itemized deductions and some exemptions for individuals earning more than $200,000 a year and married couples earning more than $250,000.

Municipal bond income is included in that cap, according to Treasury Department spokeswoman Sandra Salstrom. That could hurt demand for state and local government securities, said lobbyists who work in the public finance sector.

The administration has previously proposed caps that focused only on deductions, meaning that the highest-income Americans would receive a smaller federal tax break on their mortgage interest, state taxes and charitable contributions. The new version also imposes a limitation on so-called above-the-line deductions and “certain exclusions,” said Office of Management and Budget spokeswoman Meg Reilly. Above-the-line deductions include breaks for moving expenses, alimony and contributions to certain retirement plans.

A Washington, D.C.-based investment trade group said the move would only make matters worse.

“Proposals to raise taxes on carried interest have consistently been rejected for over four years because raising taxes on investments would only sideline employers and investors and create further uncertainty in an already struggling economy,” said Steve Judge, interim president and CEO of the Private Equity Growth Capital Council.