The American Jobs Act of 2011: It will affect us all

15 Sep

President Barack Obama

By: Leyla Tess Berlanga

On September 8, 2011 President Barack Obama addressed Congress, and the nation as a whole, and presented the American Jobs Act of 2011.  The Bill would help create, and establish jobs for the 14 million Americans who currently find themselves unemployed as well as the small businesses in this country.  According to americanjobsact.com, “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.” A question I have it: where do both the Democratic and the Republican Parties stand regarding this Bill? Democratic Leader Nancy Pelosi expressed her support for this Bill by saying “Congress must act with urgency”. The Democratic Party supports the pillars of this Bill which are:

  1.   Tax cut to help the American small business hire and grow
  2.   Putting workers back on the job while rebuilding and modernizing America
  3.   Pathways back to work for Americans looking for jobs
  4.   More money in the pockets of every American worker and family
  5.   Fully paid for as part of the President’s Long-term deficit reduction plan

where as the Republican Party supports and stands for:

  1. Keeping loopholes open in the tax code that effectively allows the rich and large corporations to pay an inordinately small amount of taxes
  2. Further lowering taxes for the rich and large corporations
  3. De-funding social security, Medicare, and Medicaid

Republicans view the passing of this bill as something that will increase taxes on job creators and view the American Jobs Act 2011 is the kind of proposal that both political parties have rejected in the past. Many Republican leaders asked President Obama immediately after his speech to send them a copy of the bill that he so ardently wants them to approve. He did so…day before yesterday, September 13th.

I feel as though this bill has the potential to both help and hinder Americans, both job creators and job seekers alike, and the outcome of that is up to the American people to determine.  On a bi-national level, I dare to think of the possibilities that the passing of this bill might present; the American Jobs Act states that an estimated 25 million Hispanic workers will benefit from the extension of the payroll tax cut and the tax cuts would benefit 250,000 Hispanic-owned small businesses as well. This could mean a stronger, louder voice in the political sector for Hispanics as a whole. The president is hitting the road this week in a political attempt to sell the American Jobs Act, although, he’s only stopping in major 2012 battleground states.

Sources:
1. http://www.americanjobsact.com/
2. http://www.politicususa.com/en/the-american-jobs-act
3. http://www.whitehouse.gov/the-press-office/2011/09/08/democratic-leader-nancy-pelosi-backs-american-jobs-act
4. http://www.huffingtonpost.com/2011/09/12/dems-fight-for-american-jobs-act-2012-election-battleground-states_n_958504.html
5. http://thehill.com/

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