In bad news for India's IT-BPO sector, US President Barack Obama on Thursday said he will slash tax breaks to American firms that move jobs abroad. He said job creation would be the country's number-one focus in 2010, and pushed for the new jobs bill. In his first State of Union address, he said, the House has already passed the jobs bill that includes some of these steps like slashing tax breaks and urged the Senate to do the same. The bill will provide for taking 30 billion dollars of the money Wall Street banks repay and use it to help community banks give small businesses the credit they need. A report by IT consultancy firm Forrester Research estimates that 3.3 million American jobs will be lost to outsourcing in 15 years ending 2015. Already, half of the Indian IT-BPO industry's 71.7 billion dollar revenue comes from the US. American companies primarily move jobs abroad to save costs, with no dent to services as countries like India boast of an English-educated workforce, be it IT engineers or for jobs that have to be done over phone. Obama also announced that US would invest massively in skills and education for its people.