On September 8, 2011 President Obama spoke in favor of the American Jobs Act. He makes sure we know that everything in this bill will be paid for. But what is this bill about? From this speech spawns five main points, those being cutting payroll taxes, building a transportation infrastructure, rebuilding the school infrastructure, getting veterans hired, and a tax credit for hiring from a long term unemployed percentage.
The first part of the plan is about cutting payroll taxes. The American Jobs Act would cut payroll taxes in half for small business. The President’s plan will cut in half the taxes paid by businesses on their first $5 million in payroll, targeting the benefit to the 98 percent of firms that have payroll below this threshold. (Fact Sheet: The American Jobs Act) This bill gives small business's a tax cut for hiring new employees or raising wages. The tax cut they receive would eliminate payroll taxes. This step would help alleviate some of the stress on the large percentage of American adults who are now working minimum wages jobs, to support their families. “The expansion of the payroll tax reduction for employees would increase deficits by $175 billion.”(President Obama’s Plan to Create Jobs Now)
Next the American Jobs Act details a plan for many new jobs. The poor state of American roads and the poor quality of the road system need to be fixed. By modernizing America's transportation system, the bill is meant to create millions of jobs for private construction crews. America has fallen behind China in terms of modern transportation, and this bill plans to help America catch up. The American Jobs Act would spend $50 billion on highway, railway, and airway transportation upgrades. This bill would give $2 billion worth of grants to develop the airports. The highways alone would receive $27 billion to be restored, repaired, and built. A bullet train project would be started with $4 billion worth of grants. This money would plan, and build a high speed railway to connect America’s large cities. (President Obama’s Plan to Create Jobs Now)
More importantly the American Jobs Act plans to rebuild American schools. By fixing the leaky roofs, the out of date science labs, and the broken down schools more jobs will open for private construction companies, and at the same time help the children. The American Jobs Act would spend a total of $30 billion over the next ten years, only on the school modernization project. Right away, it would grant $25 billion to be divided amongst the states, by population, to renovate the schools. (President Obama’s Plan to Create Jobs Now) Currently, teachers are getting laid off or wages cut. This bill plans to prevent 280,000 teacher layoffs. In section 207 of the bill, the section limits the use of certain funds received to “retain existing employees, rehire former employees, or hire new employees.”(Section by Section Analysis and Explanation of the ‘American Jobs Act of 2011) In the bill it is required for all schools receiving funds to make a report, detailing exactly how all the funds are spent. This is to keep the schools honest and responsible with their spending.(Section by Section Analysis and Explanation of the ‘American Jobs Act of 2011) This part of the American Jobs Act would spend $35 billion over the next ten years. (President Obama’s Plan to Create Jobs Now)
Right now in America there are veterans who have recently come back from the war, and cannot get a job. This bill would give a tax cut to a business for every veteran that they hire. A company would receive a tax credit worth $5,600 to $9,600 for any veteran hired. (Dupree, Jaimee) However the $9,600 is only credited for a veteran who has been unemployed for six months and has a disability or injury related to their service. All other veterans can get business’s a tax credit of $2,400 if they have been unemployed for over four weeks. If a veteran has been
METTS AMERICAN INTERCONTINENTAL UNIVERSITY ABSTRACT The Stimulus Package of 2009 did help a lot of people in different areas, the areas affected was unemployment benefits, social welfare, education, health and green energy. There was jobs created and infrastructures were revised, investments was made and life in America stabilized. Millions of Americans benefitted from the American Recovery and Reinvestment Act of 2009…
bi-partisan bill, the JOBS Act, which is short for Jumpstart Our Business Act. This law was “was designed to make it easier for small companies to raise equity capital.” (Unknown, 2013), and as a result creating jobs. This law was intended to encourage funding of United States small businesses by easing various securities. This law removes anything preventing businesses from obtaining funding as well as giving small businesses access to a large amount of investors, that being the American citizens. “Though…
though it was not safe. 2. The american railways went from coast to coast and allowed fast transportation of merchandise and people this increased sales and allowed workers like immigrants move to different job sights. 3. The mining industry promised immigrants good jobs and housing but they only were welcomed to the worst jobs for less than half of the pay that white americans were making. The mining industry still encouraged mexicans to immigrate because they had no jobs and they were better of getting…
described as jobs that were traditionally held by woman workers; these typical jobs consisted of being a typist, secretary, child caretaker, maid or domestic worker, waitress and other small jobs. Unfair as it sounds, these jobs paid less than the prestigious high official office jobs and there wasn’t much that women could do about it but file complaints. Even though we are now in the 21st century many workplaces are still discriminating against woman for their advancement into higher jobs in our society…
The Chinese Exclusion Act The United States of America is a typical country that stresses fairer for people. Americans advocate that everyone should be free and equal. They emphasize the basic rights of humans. In the Declaration of Independence, it says people have three unalienable rights, life, liberty, and the pursuit of happiness. Nobody can despoil these rights without suitable reason. But, after a hundred years that the Declaration of Independence was passed, the American government passed…
The specific policy being analyzed is the American Recovery and Reinvestment Act. This policy is also known as the stimulus package that was signed into law by President Obama on February 13th, 2009 as a result of the Great Recession in 2008. The Recovery Act was passed by Congress and signed into law by President Obama in 2009 to stimulate the economy and create new jobs or provide funding to save pre-existing jobs. The law attempts to achieve those goals by appropriating money for federal programs…
_______________ Per your request, the following memo addresses each situation. For each individual incident, I investigated the details of each situation and analyzed the federal act that may apply to the case. Situation A The Law - Situation A is addressed by the Family and Medical Leave Act (FMLA). This act mandates that each company employee has the ability to take a minimum of 12 weeks, unpaid, leave of absence per calendar year. An employee can qualify for FMLA by working for 12 months…
Family and Medical Leave Act Situation The Family and Medical Leave Act of 1993 (FMLA) was created to help assist employees deal with the difficulties of home, while creating an atmosphere of job security. The FMLA also helps cover employers from wrongful use of the FMLA by the employees. Although the document is extensive, there are three major provisions of the FMLA that apply to the given situation. The FMLA entitles covered employees to unpaid work leave, provides job and benefit restoration…
undocumented immigrants living in the U.S. (Center for American Progress). The large inflow of immigrants, both legal and illegal, is causing both negative economic and security problems. Although the American government is trying to improve the immigration system through immigration reform laws to amend those issues, politicians must implement these laws quickly if they want to improve the economy and national security of our country. The future of the American economy depends on its citizens and workers…
and Mitt Romney have been campaigning for the one of the most powerful jobs not only in the US, but also in the world. They both want the same job as President of The United States, but they both have different economic policies that they both think will better the economic values of the United States. President Obama if he is reelected he wants to build an economy that is built to last through adding and improving American jobs as well as improving the Social Security, keeping everyone on a path to…