ilia25
I can do math
- Jan 12, 2012
- 1,859
- 100
- 48
"We estimate that the American Jobs Act (AJA), if enacted, would give a significant boost to GDP and employment over the near-term.
The various tax cuts aimed at raising workers after-tax income and encouraging hiring and investing, combined with the spending increases aimed at maintaining state & local employment and funding infrastructure modernization, would:
Boost the level of GDP by 1.3% by the end of 2012, and by 0.2% by the end of 2013.
Raise nonfarm establishment employment by 1.3 million by the end of 2012 and 0.8 million by the end of 2013, relative to the baseline."
Macroadvisers: American Jobs Act: A Significant Boost to GDP and Employment
Of course AJA was blocked in the Congress by Republicans, who now blame Obama for the lack of jobs.
The various tax cuts aimed at raising workers after-tax income and encouraging hiring and investing, combined with the spending increases aimed at maintaining state & local employment and funding infrastructure modernization, would:
Boost the level of GDP by 1.3% by the end of 2012, and by 0.2% by the end of 2013.
Raise nonfarm establishment employment by 1.3 million by the end of 2012 and 0.8 million by the end of 2013, relative to the baseline."
Macroadvisers: American Jobs Act: A Significant Boost to GDP and Employment
Of course AJA was blocked in the Congress by Republicans, who now blame Obama for the lack of jobs.