AJA - would be a devastating blow to this already fragile economy The AJA will repair and modernize at least 35,000 schools that are in desperate

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
The American Jobs Act, AJA, proposed by President Obama on Thursday, Sep 8, is the map to alleviate economic degradation. The bill is completely bipartisan; there should be no controversy about it. It includes tax breaks for employers while providing jobs for improving infrastructure supported by the federal government. Companies will receive extra tax credits if they hire America’s veterans. “We ask these men and women to leave their careers’, their families’, risk their lives to fight for our country. The last thing they should have to do is fight for a job when they come home,” Obama said. A major provision in the bill is set on curbing the long term unemployed. Companies will receive a $4,000 tax credit if they hire anyone who has been unemployed for six months or longer. Unemployment insurance will also be extended for another year. If the millions of unemployed Americans stopped receiving this insurance and stop using it for basic necessities, the affect
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: would be a devastating blow to this already fragile economy. The AJA will repair and modernize at least 35,000 schools that are in desperate need of renovation. By providing a proper and suitable learning environment for our students, America may one day again lead the world in education. Furthermore, thousands of teachers in every state will go back to work. “Hundreds of thousands of disadvantaged young people will have the hope and dignity of a summer job next year. Low income Americans who desperately want to work will have more ladders out of poverty,” Obama said. The AJA includes tax credits to companies that add new workers, tax relief to small business owners, and tax cuts to the middle class. Regardless of Liberal and Conservative principles, the AJA is what America needs now to defibrillate our stalled economies....
View Full Document

This note was uploaded on 12/08/2011 for the course ENVIRONMEN 101 taught by Professor Chow during the Spring '11 term at Marquette.

Ask a homework question - tutors are online