What is the meat of Obama's jobs bill?

[DaGoose]

What's in his plan?

Tax cuts

• Payroll tax cuts for workers. Obama wants to extend and expand this tax cut, which is set to expire in December. It would put an extra $1,500 in the pockets of the typical household earning $50,000, the White House says. Failing to extend the tax break would, in effect, be a tax hike on most Americans, Obama argues. The overall cost is $175 billion.

• Business tax cuts. Obama would give a partial payroll tax cut to all employers, with the benefits targeted especially toward small businesses, for next year. He also proposes a complete payroll tax holiday for new jobs or wage increases. The overall cost: $65 billion.

• "100 percent expensing." This $5 billion proposal would be a one-year spur for businesses to make investments, by allowing them to quickly deduct the full value of spending on facilities or equipment.

Investments and aid to states

• Aid to states. Obama would devote $35 billion to aid designed to prevent layoffs at schools, police stations, and fire departments where local governments face budget shortfalls.

• Infrastructure spending. The bill includes $50 billion for repairing highways, airports, and urban transit systems. About $4 billion of the money would go toward high-speed rail.

• A National Infrastructure Bank. This $10 billion effort would offer loans – up to no more than half a project's cost – to spur additional investments in transport, water, or energy systems. The money would partner with state or local government and private dollars.

• Public school modernization. Some $30 billion would go toward everything from repair and renovation to computer labs, with 40 percent of the funds "directed toward the 100 largest high-need public school districts," the White House says.

What's in Obama's jobs bill? | Alaska Dispatch

How's it being received????

By 45% to 32%, more Americans want their member of Congress to vote for rather than against a jobs bill similar to the one President Obama proposed last week, with the rest having no opinion.

Americans Favor Obama Jobs Plan by 45% to 32%

.

 

[DaGoose]

You consider families making $250K per year "Super Rich"?

compared to the vast majority of under or unemployed middle class, yes.

$250K is anything but "Super Rich"...

Thanks for proving the Kool Aid still works...

Noticing that you live in Texas I have a hard time believing that most anyone in Texas wouldn't consider someone making $250k "rich".

Especially given the EXTREMELY high percentage of minimum wage earners down there.

Texas has by far the largest number of employees working at or below the federal minimum wage ($7.25 per hour in 2010) compared to any state

Texas tied with Mississippi for the greatest percentage of minimum wage workers. From 2007 to 2010, the number of minimum wage workers in Texas rose from 221,000 to 550,000, an increase of nearly 150 percent.

Texas Has Most Minimum Wage Jobs | Drudge Retort

.

 

[The Rabbi]

What's in his plan?

Tax cuts

• Payroll tax cuts for workers. Obama wants to extend and expand this tax cut, which is set to expire in December. It would put an extra $1,500 in the pockets of the typical household earning $50,000, the White House says. Failing to extend the tax break would, in effect, be a tax hike on most Americans, Obama argues. The overall cost is $175 billion.

• Business tax cuts. Obama would give a partial payroll tax cut to all employers, with the benefits targeted especially toward small businesses, for next year. He also proposes a complete payroll tax holiday for new jobs or wage increases. The overall cost: $65 billion.

• "100 percent expensing." This $5 billion proposal would be a one-year spur for businesses to make investments, by allowing them to quickly deduct the full value of spending on facilities or equipment.

Investments and aid to states

• Aid to states. Obama would devote $35 billion to aid designed to prevent layoffs at schools, police stations, and fire departments where local governments face budget shortfalls.

• Infrastructure spending. The bill includes $50 billion for repairing highways, airports, and urban transit systems. About $4 billion of the money would go toward high-speed rail.

• A National Infrastructure Bank. This $10 billion effort would offer loans – up to no more than half a project's cost – to spur additional investments in transport, water, or energy systems. The money would partner with state or local government and private dollars.

• Public school modernization. Some $30 billion would go toward everything from repair and renovation to computer labs, with 40 percent of the funds "directed toward the 100 largest high-need public school districts," the White House says.

What's in Obama's jobs bill? | Alaska Dispatch

How's it being received????

By 45% to 32%, more Americans want their member of Congress to vote for rather than against a jobs bill similar to the one President Obama proposed last week, with the rest having no opinion.

Americans Favor Obama Jobs Plan by 45% to 32%

.

Can you explain how any of that is going to create a single sustainable job?

 

[Seawytch]

CBO chief Doug Elmendorf's testimony to the joint deficit Super Committee:

"If policymakers want to achieve both a short-term economic boost and long-term fiscal sustainability the combination of policies that would be most effective according to our analysis would be changes in taxes and spending that would widen the deficit today, but narrow it in the coming decade. The combination of fiscal policies that would be most effective would be policies that cut taxes or increase spending in the near-term, but over the medium and longer-term move in the opposite direction."​

And guess what? That is what the President's Job Plan does.

As for jobs estimates, here's what Moody's had to say:

Obama plan would add 1.9M jobs​

 

[editec]

Obama's proposal would reduce payroll taxes on workers, cut them in half for most businesses and offer incentives for employers to hire. It would spend tens of billions of dollars on new public works projects, extend unemployment benefits for long-term jobless and help states and localities avoid layoffs of teachers and emergency workers.

Finding specifics isn't exactly easy.

But this does sound like a diet of economic policy leftovers, doesn't it?

I see nothing there that is going to put unemployed folks back to work.

Looks like it's another round of keeping the already employed employed and more helping the already unemployed to continue getting unemployment checks.

If anybody can point me to the part of this 155 page bill that looks like it is realy proactively going to get NEW HIRES happening, I'd appreciate the link.

 

[The Rabbi]

CBO chief Doug Elmendorf's testimony to the joint deficit Super Committee:

"If policymakers want to achieve both a short-term economic boost and long-term fiscal sustainability the combination of policies that would be most effective according to our analysis would be changes in taxes and spending that would widen the deficit today, but narrow it in the coming decade. The combination of fiscal policies that would be most effective would be policies that cut taxes or increase spending in the near-term, but over the medium and longer-term move in the opposite direction."​

And guess what? That is what the President's Job Plan does.

As for jobs estimates, here's what Moody's had to say:

Obama plan would add 1.9M jobs​

First offr, Elmendorf is not endorsing Obama's plan.
Secondly, Obama's plan is simply a remake of his first stimulus. That stimulus was a failure. The Left claims it was a failure because it didnt spend enough. This plan spends half of what the one that failed because it didnt spend enough spends.
Are you stuck on stupid?

 

[Seawytch]

CBO chief Doug Elmendorf's testimony to the joint deficit Super Committee:

"If policymakers want to achieve both a short-term economic boost and long-term fiscal sustainability the combination of policies that would be most effective according to our analysis would be changes in taxes and spending that would widen the deficit today, but narrow it in the coming decade. The combination of fiscal policies that would be most effective would be policies that cut taxes or increase spending in the near-term, but over the medium and longer-term move in the opposite direction."​

And guess what? That is what the President's Job Plan does.

As for jobs estimates, here's what Moody's had to say:

Obama plan would add 1.9M jobs​

First offr, Elmendorf is not endorsing Obama's plan.
Secondly, Obama's plan is simply a remake of his first stimulus. That stimulus was a failure. The Left claims it was a failure because it didnt spend enough. This plan spends half of what the one that failed because it didnt spend enough spends.
Are you stuck on stupid?

Where did I say that the CBO chief WAS endorsing the President's plan, imbecile. What he did was testify as to what needs to be done to get our economy jump started. What he described was President Obama's jobs plan.

The original stimulus wasn't enough. This too, isn't enough, but when you are starving and someone offers bread, you don't turn it down in hope of getting lobster.

 

[The Rabbi]

CBO chief Doug Elmendorf's testimony to the joint deficit Super Committee:

"If policymakers want to achieve both a short-term economic boost and long-term fiscal sustainability the combination of policies that would be most effective according to our analysis would be changes in taxes and spending that would widen the deficit today, but narrow it in the coming decade. The combination of fiscal policies that would be most effective would be policies that cut taxes or increase spending in the near-term, but over the medium and longer-term move in the opposite direction."​

And guess what? That is what the President's Job Plan does.

As for jobs estimates, here's what Moody's had to say:

Obama plan would add 1.9M jobs​

First offr, Elmendorf is not endorsing Obama's plan.
Secondly, Obama's plan is simply a remake of his first stimulus. That stimulus was a failure. The Left claims it was a failure because it didnt spend enough. This plan spends half of what the one that failed because it didnt spend enough spends.
Are you stuck on stupid?

Where did I say that the CBO chief WAS endorsing the President's plan, imbecile. What he did was testify as to what needs to be done to get our economy jump started. What he described was President Obama's jobs plan.

The original stimulus wasn't enough. This too, isn't enough, but when you are starving and someone offers bread, you don't turn it down in hope of getting lobster.

OK so you admit that this plan will fail as the first one did. Glad we cleared that up.
Why would anyone vote for this piece of shit if even its supporters admit it will fail?

 

[rdean]

jobs

 

[LordBrownTrout]

The words jobs bill and O in the same sentence are another oxymoron.

 

[Shogun]

Apparently, you missed the first heap of shit $780+ stimulus bill....That's your problem...In case you hadn't noticed, it was a towering failure.

The current steaming heap is all the same old crap wrapped around some new toilet paper.

If you're convinced that new upholstery on the deck chairs of the Titanic are all it takes to keep the ship from sinking, then you're even dumber than I thought...Which was already on a par with a bag of hammers.

Not really. But hey.. You are the kind of person to insist that steak tastes like shit if it's served from a democrat so... Your opinion must be considered as what it is: partisan tripe.

After all, you'd ***** about trying to plug the hole in the boat if you couldn't offset the price of materials with WIC funds and FEMA appropriations.

Translation: When you have nothing deflect.

awww how cute. A ***** ass mod taking to the threads that deep, burning sensation from that private message mudhole from yesterday.


hilarious, yet quite indicative of that attrition I was talking about.

 

[Shogun]

If he's talking about 780 billion, Shogun...he's talking about the first stimulus...which would be in the past tense. Since the stimulus now being debated is in essence just more of something that didn't work before...then why should we think it will work this time?

Your insistence that it didn't work is akin to blaming seat belts for running into a tree. It would have NEVER worked for you people no matter how much worse the economy would have become without it because you seem to think keeping the bar just beyond reach amounts to a failure on Obama's part. Sorry to break your heart but the tea party talking points just don't resonate with hungry, unemployed Americans.

yeah....it's worked out so well for the taxpayers

The Obama administration's US $38-billion green energy loan plan-part of the first stimulus program-promised 65,000 jobs. So far, it has delivered 3,545 jobs at a cost of US$5-million a job. Major firms are going bankrupt.
How to enlighten Penelope on green jobs

Drink some more of your orange Kool-Aid

Again, your kind would scream at a band-aid placed on a bullet wound.

Maybe you should vote for another war and crash the economy again... You know, then you can blame a Democrat for not working miracles in stopping a bleeding hemorrhage!



******* fool.


national post? nice.

 

[Shogun]

You consider families making $250K per year "Super Rich"?

compared to the vast majority of under or unemployed middle class, yes.

$250K is anything but "Super Rich"...

Thanks for proving the Kool Aid still works...

Your opinion is noted and filed in the "******* retard" bin. Like I've said, compared to life long salaries that won't see beyond the mid five figures you silly bastards are your own punchline.

 

[Shogun]

250K/yr is pretty darn rich around here.

indeed. But hey... some asshole thinks otherwise so...

 

[Wolfmoon]

You have to pass the bill before we can find out what's in it.

 

[keee keee]

Would someone who is kindly disposed to Obama's plan and good with details please explain what kind of (and numbers of) jobs Obama's bill is supposed to create?

The "meat" is to raise taxes on all the usual suspects.

The claim that it will create jobs is merely a ruse to get the gullible to buy into the feds flushing anther 1/2 trillion bucks down the bureaucratic toilet.

just another scam and union payback scheem just like the last stimulus program. Hell we don't even know where all the money went, who got it and if any jobs were created. Obama and this administration is the worst and most corupt administration and presidency in the history of the United States. Why are we not hearing more about the green energy solar panel company that lost 535 million dollars scandle. I bet this is just the tip of the iceburg.

 

[Meister]

Your insistence that it didn't work is akin to blaming seat belts for running into a tree. It would have NEVER worked for you people no matter how much worse the economy would have become without it because you seem to think keeping the bar just beyond reach amounts to a failure on Obama's part. Sorry to break your heart but the tea party talking points just don't resonate with hungry, unemployed Americans.

yeah....it's worked out so well for the taxpayers

The Obama administration's US $38-billion green energy loan plan-part of the first stimulus program-promised 65,000 jobs. So far, it has delivered 3,545 jobs at a cost of US$5-million a job. Major firms are going bankrupt.
How to enlighten Penelope on green jobs

Drink some more of your orange Kool-Aid

Again, your kind would scream at a band-aid placed on a bullet wound.

Maybe you should vote for another war and crash the economy again... You know, then you can blame a Democrat for not working miracles in stopping a bleeding hemorrhage!



******* fool.


national post? nice.

Your jumping up and down for the failed stimulus. You think it was a success
I laugh at you, shogun. Drink more Kool-Aid...it gives you a warm and tingley feeling running up your leg.

 

[The Rabbi]

First offr, Elmendorf is not endorsing Obama's plan.
Secondly, Obama's plan is simply a remake of his first stimulus. That stimulus was a failure. The Left claims it was a failure because it didnt spend enough. This plan spends half of what the one that failed because it didnt spend enough spends.
Are you stuck on stupid?

Where did I say that the CBO chief WAS endorsing the President's plan, imbecile. What he did was testify as to what needs to be done to get our economy jump started. What he described was President Obama's jobs plan.

The original stimulus wasn't enough. This too, isn't enough, but when you are starving and someone offers bread, you don't turn it down in hope of getting lobster.

OK so you admit that this plan will fail as the first one did. Glad we cleared that up.
Why would anyone vote for this piece of shit if even its supporters admit it will fail?

Yoohoo. Sailor. Response?
The plan sucks. Even you say it will fail.

 

[oreo]

The MEAT in Obama's Jobs Bill is Pure Bologna.

Are you certain that meat in his jobs bill is even the quality of Bologna--

Really it's just more of the same--road and bridge work--creation of another Federal Government agency-(that we don't need) along with higher taxes--and more borrowing and spending.

Here it is:--if you can stomach it-- BTW there is bi-partisan support AGAINST IT. There are some things in this bill that both democrats and republicans LIKE--but Obama has already stated he won't sign it--unless he gets it all.

American Jobs Act

 

[oreo]

Would someone who is kindly disposed to Obama's plan and good with details please explain what kind of (and numbers of) jobs Obama's bill is supposed to create?

The "meat" is to raise taxes on all the usual suspects.

The claim that it will create jobs is merely a ruse to get the gullible to buy into the feds flushing anther 1/2 trillion bucks down the bureaucratic toilet.

just another scam and union payback scheem just like the last stimulus program. Hell we don't even know where all the money went, who got it and if any jobs were created. Obama and this administration is the worst and most corupt administration and presidency in the history of the United States. Why are we not hearing more about the green energy solar panel company that lost 535 million dollars scandle. I bet this is just the tip of the iceburg.

You're talking about Solyndra a solar company--that actually met with White House staff 4 times in one week--was able to avoid all accounting channels and standard procedures--while anaylst's were telling the WH that this company would be bankrupt in Sept. 2010--and Obama gave them 1/2 billion taxpayer dollars anyway--that went down the toilet along with 4 other green energy companies. And we have an e-mail going to Joe Biden's computer regarding this warning on Solyndra. The Bush administration turned this loan down based on solid financial procedures and Obama went right in there and did it anyway.

Obama's investment into GREEN ENERGY------FLOPPED And it flopped with our money.