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President Obama’s American Jobs Act Factsheet

Posted by Content Coordinator on Monday, September 12th, 2011

THE WHITE HOUSE

The American people understand that the economic crisis and the deep recession weren‘t created overnight and won‘t be solved overnight. The economic security of the middle class has been under attack for decades. That‘s why President Obama believes we need to do more than just recover from this economic crisis – we need to rebuild the economy the American way, based on balance, fairness, and the same set of rules for everyone from Wall Street to Main Street.

We can work together to create the jobs of the future by helping small business entrepreneurs, by investing in education, and by making things the world buys. The President understands that to restore an American economy that‘s built to last we cannot afford to outsource American jobs and encourage reckless financial deals that put middle class security at risk.

To create jobs, the President unveiled the American Jobs Act – nearly all of which is made up of ideas that have been supported by both Democrats and Republicans, and that Congress should pass right away to get the economy moving now. The purpose of the American Jobs Act is simple: put more people back to work and put more money in the pockets of working Americans. And it would do so without adding a dime to the deficit.

The American Jobs Act has five key components:

  • Tax Cuts to Help America’s Small Businesses Hire and Grow Putting Workers Back on the Job While Rebuilding and Modernizing America
  • Pathways Back to Work for Americans Looking for Jobs
  • More Money in the Pockets of Every American Worker and Family
  • Fully Paid for as Part of the President’s Long-Term Deficit Reduction Plan

II. Putting Workers Back on the Job While Rebuilding and Modernizing America.
The President‘s plan will put Americans back to work in key areas that are central to America‘s future competitiveness. It will repair and modernize classrooms across the country and make sure that teachers who have been laid off because of budget cuts can be brought back to work. It will take on the fact that the American Society of Civil Engineers (ASCE) awarded the United States a ‘D’ for the overall condition of its infrastructure. Both to modernize the nation‘s roads, railways, airports and schools and to put hundreds of thousands of workers back on the job, the President is proposing a strategy that combines immediate investments in infrastructure with innovative reforms to ensure that the best projects get financing. These investments in infrastructure would not only put people to work now, but also yield lasting benefits for the economy, increasing growth in the long run. They should also have bipartisan support. As AFL-CIO President Richard Trumka and U.S. Chamber of Commerce President Thomas Donohue stated: “With the U.S. Chamber of Commerce and the AFL-CIO standing together to support job creation, we hope that Democrats and Republicans in Congress will also join together to build America‘s infrastructure.” (January 26, 2011).

Download the full version (PDF): President Obama’s American Jobs Act Factsheet

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