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THE AMERICAN JOBS ACT

Executive Summary

Learn how the the President’s plan will create jobs and put more money in the pockets of working Americans in your community. Select a state from the map below to download an overview of how the American Jobs Act benefits people in that state.

I.E. NEW JERSEY

WHAT THE AMERICAN JOBS ACT MEANS FOR NEW JERSEY
President Obama has announced a comprehensive plan to create jobs: the American Jobs Act. The purpose of the plan 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.
Here are the five main components of the plan, and details on how some of the programs the President has proposed would affect New Jersey:

1. TAX CUTS TO HELP AMERICA’S SMALL BUSINESSES HIRE AND GROW

• The President’s plan will cut the payroll tax in half to 3.1% for employers on the first $5 million in wages, providing broad tax relief to all businesses but targeting it to the 98 percent of firms with wages below this level. In New Jersey, 200,000 firms will receive a payroll tax cut under the American Jobs Act.

2. PUTTING WORKERS BACK ON THE JOB WHILE REBUILDING AND MODERNIZING AMERICA

• The President’s plan includes $50 billion in immediate investments for highways, transit, rail and aviation, helping to modernize an infrastructure that now receives a grade of “D” from the American Society of Civil Engineers and putting hundreds of thousands of construction workers back on the job. Of the investments for highway and transit modernization projects, the President’s plan will make immediate investments of at least $1,325,100,000 in New Jersey that could support a minimum of approximately 17,200 local jobs.

• The President is proposing to invest $35 billion to prevent layoffs of up to 280,000 teachers, while supporting the hiring of tens of thousands more and keeping cops and firefighters on the job. These funds would help states and localities avoid and reverse layoffs now, and will provide $831,100,000 in funds to New Jersey to support up to 9,300 educator and first responder jobs.

• 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. New Jersey will receive $518,600,000 in funding to support as many as 6,700 jobs.

• The President is proposing to invest $15 billion in a national effort to put construction workers on the job rehabilitating and refurbishing hundreds of thousands of vacant and foreclosed homes and businesses. New Jersey could receive about $98,100,000 to revitalize and refurbish local communities, in addition to funds that would be available through a competitive application.

• The President’s plan proposes $5 billion of investments for facilities modernization needs at community colleges. Investment in modernizing community colleges fills a key resource gap, and ensures these local, bedrock education institutions have the facilities and equipment to address current workforce demands in today’s highly technical and growing fields. New Jersey could receive $123,800,000 in funding in the next fiscal year for its community colleges.

I.E. MASSACHUSETTS

WHAT THE AMERICAN JOBS ACT MEANS FOR MASSACHUSETTS
President Obama has announced a comprehensive plan to create jobs: the American Jobs Act. The purpose of the plan 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.
Here are the five main components of the plan, and details on how some of the programs the President has proposed would affect Massachusetts:

1. TAX CUTS TO HELP AMERICA’S SMALL BUSINESSES HIRE AND GROW

• The President’s plan will cut the payroll tax in half to 3.1% for employers on the first $5 million in wages, providing broad tax relief to all businesses but targeting it to the 98 percent of firms with wages below this level. In Massachusetts, 140,000 firms will receive a payroll tax cut under the American Jobs Act.

2. PUTTING WORKERS BACK ON THE JOB WHILE REBUILDING AND MODERNIZING AMERICA

• The President’s plan includes $50 billion in immediate investments for highways, transit, rail and aviation, helping to modernize an infrastructure that now receives a grade of “D” from the American Society of Civil Engineers and putting hundreds of thousands of construction workers back on the job. Of the investments for highway and transit modernization projects, the President’s plan will make immediate investments of at least $850,700,000 in Massachusetts that could support a minimum of approximately 11,100 local jobs.

• The President is proposing to invest $35 billion to prevent layoffs of up to 280,000 teachers, while supporting the hiring of tens of thousands more and keeping cops and firefighters on the job. These funds would help states and localities avoid and reverse layoffs now, and will provide $591,800,000 in funds to Massachusetts to support up to 6,300 educator and first responder jobs.

• 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. Massachusetts will receive $378,600,000 in funding to support as many as 4,900 jobs.

• The President is proposing to invest $15 billion in a national effort to put construction workers on the job rehabilitating and refurbishing hundreds of thousands of vacant and foreclosed homes and businesses. Massachusetts could receive about $40,400,000 to revitalize and refurbish local communities, in addition to funds that would be available through a competitive application.

• The President’s plan proposes $5 billion of investments for facilities modernization needs at community colleges. Investment in modernizing community colleges fills a key resource gap, and ensures these local, bedrock education institutions have the facilities and equipment to address current workforce demands in today’s highly technical and growing fields. Massachusetts could receive $68,800,000 in funding in the next fiscal year for its community colleges.

View the Interactive Map (AmericanJobsAct.com)

ABOUT THE AMERICAN JOBS ACT
www.americanjobsact.com
“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 – without adding a dime to the deficit.”

Tags: Add new tag, American Jobs Act, American Society of Civil Engineers, Democrats, Education, Infrastructure Bank, Massachusetts, New Jersey, President Obama, transportation

This entry was posted on Wednesday, September 21st, 2011 at 10:00 am and is filed under Democrat, Infra Views, Jobs, Policy, Public Transportation, Schools . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.