A Jobs Plan Unveiled
Americans cannot help but feel anxious watching job growth come to a complete hault in the month of August and witnessing unemployment rates linger at or above nine percent. The President addressed a joint session of Congress yesterday to discuss potential solutions and to reveal his administration's jobs plan. There has been a bipartisan consensus that the recovery will ultimately be driven by American small businesses and workers, and in that regard, we need to do everything possible to make it easier for them to grow and hire American workers. CEO and President of the U.S. Chamber of Commerce, Tom Donohue, wrote an open letter to Congress and the President informing them of his job creation strategy. One of these six steps advises speeding up infrastructure projects such as eliminating impediments to private capital which could add 1.9 million jobs over the next ten years.
In a report, Bloomberg covers the jobs discussion that took place yesterday evening:
The president, speaking before a joint session of Congress, demanded six times that lawmakers act “right away” on a plan that would boost spending on infrastructure, stem teacher layoffs and cut in half the payroll taxes paid by workers and small business owners.
“I am not sure that a payroll tax holiday is really going to spur the economy,” said Representative Bill Huizenga, a Michigan Republican. He added that “a better tax break would be something that would spur along innovation and wealth generation” and creates “ancillary jobs.”
Read Bloomberg's article here.
Read the Chamber’s open letter to Congress and the President. Then leave a comment letting us know how you would create jobs.