American Jobs Act

From Newsroot
Jump to: navigation, search

A few years ago I'd have to pay someone for this infomrtaion.

In a Joint-Session speech to Congress Thursday September 8, 2011 at 7 p.m. ET, President Barack Obama called on leaders to pass his proposed American Jobs Act - a $447 billion package consisting of tax cuts, state aid and programs to stimulate the economy. Roughly 90 percent of the package is spent on extending the one-year payroll tax cut to workers and companies.

White House officials did not offer any numbers on how many jobs the new proposal would create, a lesson learned from 2009. The speech comes after a bleak jobs report for the month of August with unemployment at a stagnant 9.1 percent and no net gains. The current jobs act is a little over half than the 2009 economic stimulus package that cost $787 billion.

Obama's urgency for Congressional leaders to pass the act was noted by media who observed that the President used the phrase "right away" more than eight times throughout his speech. However, Republicans are likely to view the proposal with some skepticism.

Obama said he would release more details regarding the payment for the plan next week after sending recommendations to the debt super committee.

[edit] Related Newsroot articles

Economy under Obama

Great recession

Debt reduction super committee

Share your opinion

blog comments powered by Disqus