American Jobs Act

·           The American Jobs Act was written by the Obama Administration and unveiled in a high-profile speech by the President before a joint session of Congress on September 8th, 2011.  The Act includes $447 billion over ten years to pay for temporary stimulus spending, new job training programs, unemployment insurance, and temporary tax reductions. The bill includes a payroll tax cut for employees and employers. And, it offers a tax credit to businesses that hire individuals who have been unemployed for more than six months. It also focuses spending on "shovel-ready" infrastructure projects like: Roads, railways, waterways, ports, and airports to "modernize" America.There are many Pros and Cons for each side of this bill, and I'm just going to tell you about some of the pros. Some of the Pros include, that the jobs act could create over 100,00 jobs a month,the American Jobs Act allows small businesses to grow/hire, and finally it gets works a job while re-building a newer america. With this Jobs Act, it could create 100,000 jobs a month over the next year with this bill. And potentially the feds could add an extra 15,000 jobs a month over the next 2 years. Estimation provided by the best marketing analysts concluded that the plan  would increase growth by 1.9 points and would add a total of 1.5million jobs. It is also projected that the plan would add roughly 1.25 percentage points to the GDP (Gross Domestic Product) and create and additional 1.3million jobs in 2012. Provided this plan goes through, it'll drastically lower unemployment in the U.S., and rates from 8.6 ( Our current un-employment rate) will decrease, and it will put our economy back on its feet. The American Jobs Act reduces taxes allowing small businesses to grow /hire. The presidents solution will cut half the taxes paid by the businesses after the first 5 million dollars in payroll, targeting  the benefits of 98% of the firms. Reforms and Regulates reduction is to help entrepreneurs and small business access capital. Thus letting businesses grow will help the economy get back into shape. Lastly one of the Pros are, that this bill gets workers jobs while re-building a newer america. This bill will prevent 280,000 teacher layoffs, while keeping cops and firefighters on the job. Immediate investment in infrastructure and a bipartisan  National Infrastructure  Bank, will modernize our roads,railroads, airports, and waterways while putting hundreds of thousands of workers back on the job. This can create more jobs ,lower unemployment, which creates a better place for living.