American Jobs Act

To create jobs, the President unveiled the American Jobs Act – nearly all of which is made up of ideas that have been supported by both Democrats and Republicans, and that Congress should pass right away to get the economy moving now.

The purpose of the American Jobs Act is simple: put more people back to work and put more money in the pockets of working Americans – without adding a dime to the deficit.

Americans – without adding a dime to the deficit.

• 1. Tax Cuts to Help America’s Small Businesses Hire and Grow Read more »

  The President is proposing immediate incentives for small businesses to hire and grow from now into 2012.

• 2. Putting Workers Back on the Job While Rebuilding and Modernizing America Read more »

  The President is proposing investments that would prevent layoffs of as many as 280,000 teachers, provide opportunities for long-term unemployed veterans, and put Americans to work rebuilding roads, railways, bridges, and schools in need of repair.

• 3. Pathways Back to Work for Americans Looking for Jobs Read more »

  Drawing on the best ideas of both parties and the most innovative states, the President is proposing the most sweeping reforms to the unemployment insurance system in 40 years to help those without jobs transition to the workplace.

• 4. More Money in the Pockets of Every American Worker and Family Read more »

  The President's plan will expand the payroll tax cut, cutting workers payroll taxes in half next year. This provision will provide a tax cut of $1,500 to the typical family earning $50,000 a year.

• 5. Fully Paid For Read more »

  The President will release a detailed deficit reduction plan in the coming days that will pay for every penny of the American Jobs Act and include additional deficit reduction sufficient to stabilize our debt as a share of our economy.