Jobs Act

On September 8, 2011, President Barack Obama presented the American Jobs Act to a joint session of congress. He begins his speech by addressing how analyst expect this speech to impact his polls, but goes on to say that, the common man doesn’t care about politics, but rather focuses on his number one priority, proving for his family. President Obama goes on to say that Americans were taught that all you need to make it is a good work ethic, to go out and get a job with some benefits, that will lead to them being able to pay the bills, and put food on the table. However, he believes this dream has eroded over the years, and needs to resurrected and reconstructed to suit to the needs of the people who live under its rule. President Obama, then added that he believed he had the cure to solve our problem, the American Job Act.

According to americanjobsact.com, the American Job Act will:

• Help women and families keep more of what they earn: The President is proposing to extend the payroll tax cut in 2012, which will benefit an estimated 77.9 million women in the workforce. A household with $38,000 in income would typically pay about $2,350 in Social Security taxes. By expanding the payroll tax cut, that household will pay $1,100 less.

• Rebuild and revitalize Hispanic communities: The President is proposing targeted investments in infrastructure to support communities hardest hit by the recession. Programs will include a school construction initiative with a significant commitment to the largest urban school districts and an investment in revitalizing communities badly affected by foreclosures.

• Offer aid to African Americans looking for work: The plan will extend unemployment insurance to benefit 1.4 million African Americans and their families. As these families continue to receive unemployment benefits, the President's proposed reforms will ensure that the program is better tailored to help people who have been looking for work for more than six months get back on their feet and get back to work.
• Create job opportunities for young African Americans: President Obama is proposing support for subsidized jobs and work initiatives for African-American youth, for whom unemployment is above 30 percent. The new initiatives will build on successful programs like the TANF Emergency Fund to create jobs and provide training for those hardest hit by the recession.

• Target Investments to Modernize Schools Serving Low-Income Students—From Science Labs and Internet-Ready Classrooms to Renovated Facilities: The President is proposing a $25 billion investment in school infrastructure that will modernize at least 35,000 public schools—investments that will create jobs, while improving classrooms and upgrading our schools to meet 21st century needs. Funds could be used for a range of emergency repair and renovation projects, greening and energy efficiency upgrades, asbestos abatement and removal, and modernization efforts to build new science and computer labs and to upgrade technology in our schools. And they would be targeted at the lowest-income districts—with 40 percent, or $10 billion, directed towards the 100 largest high-need public school districts. The President is also proposing a $5 billion investment in modernizing community colleges, bolstering their infrastructure in this time of need while ensuring their ability to serve future generations of students and communities.

For more bullet points on the American Jobs Act go to:  http://www.americanjobsact.com/