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The Obama administration announced a new web site dedicated to American Jobs Act. It has its own domain, www.americanjobsact.com.
The site explains what is in the bill:
The site explains what is in the bill:
65 payroll tax cuts for 98% small businesses
5 100% expensing in 2012
175 payroll tax cuts for employees
140 public sector spendings
50 infrastructure
35 to local governments for teachers, first reponders, etc
30 rebuilding schools
10 infrastructure bank
15 rehabilitation of vacant buildings
(10) national wireless initiative
n/a tax cuts for hiring veterans
49 unemployment insurance reforms and extensions
8 long term unemployed
5 pathways back to work funds (incl. work-sharing)
(The figures are in billions)