American Jobs Act Summary

This summary has been shortened for your convenience.  A full version and more detailed explanations can be found here.
1. Tax Cuts to Help America’s Small Businesses Hire and Grow
  • Cutting the payroll tax in half for 98 percent of businesses
  • A complete payroll tax holiday for added workers or increased wages
  • Reforms and regulatory reductions to help entrepreneurs and small businesses access capital.
  • And more
2. Putting Workers Back on the Job While Rebuilding and Modernizing America
  • A “Returning Heroes” hiring tax credit for veterans
  • Preventing up to 280,000 teacher layoffs
  • Modernizing at least 35,000 public schools across the country
  • Immediate investments in infrastructure and a bipartisan National Infrastructure Bank
  • A New “Project Rebuild”
  • Expanding access to high-speed wireless
3. Pathways Back to Work for Americans Looking for Jobs.
  • The most innovative reform to the unemployment insurance program in 40 years
  • A $4,000 tax credit to employers for hiring long-term unemployed workers.
  • Prohibiting employers from discriminating against unemployed workers
  • Expanding job opportunities for low-income youth and adults
4. Tax Relief for Every American Worker and Family
  • Cutting payroll taxes in half for 160 million workers next year
  • Allowing more Americans to refinance their mortgages at today’s near 4 percent interest rates
5. Fully Paid for as Part of the President’s Long-Term Deficit Reduction Plan

1 comment:

  1. Thank you for this. I have friends for whom the speech was "too hard." Maybe a list and a pie chart will be easier to understand.