American Jobs Act
September 9, 2011 by USA Post
American Jobs Act, The proposal of 447 billion and “American Jobs Act” in a joint session of Congress Thursday night, Obama once again demonstrated its ability to recognize and approach the major issues and challenges facing the U.S. today.
Job creation has become a matter of numbers in the political and public agenda, and the American Jobs Act, “Pres Obama and his administration have wasted no time in developing a program that is centered with a vision future, equitable and fiscally pragmatic.
Like it or not, U.S. corporations are equally or more willing to invest in emerging economies like Brazil, China and India, which are in developed economies like the U.S. and the EU. Governments in emerging market countries like China play a much stronger, more active role in the development of national economic policies and trade makes the U.S., providing financial benefits and incentives to businesses the economic sectors considered strategic and promising.
With the U.S. economy threatened, and still overloaded with bad debt that resulted from the massive misallocation of financial capital to housing and residential construction and history of the repeal of banking regulations, the federal government was forced to intervene and bail out banks, insurance companies and other major automotive companies in the private sector was considered too big to fail.
It’s that kind of concentration of economic power and market monopolies tend to construction and dangerous bias in the distribution of income and wealth that results, which remains a threat and U.S. capitalism perverts. innovation and economic opportunities. It is also what the government leaders since the founding of the nation several times and loudly warned.
With emerging markets of rapid growth, increasing demand for limited natural resources and putting increasing pressure on the environment, Obama’s speech Thursday night, the President asked rhetorically, “What is the best way grow the economy and create jobs?
“We have tax loopholes for oil companies? Or should we use that money to give small business owners a tax credit when they hire new workers? Because we can not afford to do both.”
Challenging members of Congress to end the “political circus,” said the President to the “American Jobs Act” simple and clear: “putting more people to work and more money in the pockets of those who are working.”
The bill includes the extension of reduced payroll taxes, which continue to put more directly into the pockets of Americans, extending unemployment benefits, maintaining a kind of social safety net in place, establishing a “heroes returning “the tax credit for hiring veterans unemployed, and 4,000 tax credit to companies hiring long-term unemployed, and 35 billion and to maintain redundant teachers and aid workers on the job. In addition, some 100 billion and will be spent on school construction and renovation of major infrastructure.
Key in terms of fiscal responsibility and the defense of the Law of the slings and arrows of opposition, Pres Obama proposed closing the corporate tax loopholes and raise taxes on the wealthiest Americans.
“Everything in this bill will be paid,” Obama said bravely. “Everything.”
U.S. with society increasingly polarized in a small class of super rich, a small class, fighting through increasingly deeper into poverty and a large base of people struggling not to fall into poverty, Pres Obama has his priorities.
Nobody likes paying taxes, but the price we must pay for Americans to have the ability to enjoy and benefit from things like education or affordable health and medical services, a healthy environment, a sustainable basis natural resources and socio-economic safety net as well as reliable and sufficient electric power, transportation, telecommunications and infrastructure.
When a teenager known music mogul and 850,000 can pay a week to rent one of the most expensive yachts in the world to take your family on vacation, well, I guess the payment of one percent or more some taxes won “t much damage to him or his family, or stifle business investment and job creation.
Now it’s up to Congress, the “loyal” opposition from Republicans, in particular, to beautify, bury what has become transparent tactic to sow confusion, division and dissent and continue to fulfill its responsibility to represent the best interests of the general public is.
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