Indiana & The American Jobs Act

WHITE HOUSE RELEASE:

September 13, 2011

(Page 2 of 2)

3. Pathways Back to Work for Americans Looking for Jobs.

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 (UI) system in 40 years help those without jobs transition to the workplace. This could help put the 155,000 long-term unemployed workers in Indiana back to work.
Alongside these reforms, the President is reiterating his call to extend unemployment insurance, preventing 47,700 people looking for work in Indiana from losing their benefits in just the first 6 weeks. And, across the country, the number saved from losing benefits would triple by the end of the year.
The President is proposing a new Pathways Back to Work Fund to provide hundreds of thousands of low-income youth and adults with opportunities to work and to achieve needed training in growth industries. Pathways Back to Work could place 2,500 adults and 5,600 youths in jobs in Indiana.

4. Tax Relief for Every American Worker and Family

The President’s plan will expand the payroll tax cut passed last December by cutting workers payroll taxes in half next year. A typical household in Indiana, with a median income of around $44,000, will receive a tax cut of around $1,360.

5. Fully Paid for as Part of the President’s Long-Term Deficit Reduction Plan.

To ensure that the American Jobs Act is fully paid for, the President will call on the Joint Committee to come up with additional deficit reduction necessary to pay for the Act and still meet its deficit target. The President will, in the coming days, release a detailed plan that will show how we can do that while achieving the additional deficit reduction necessary to meet the President’s broader goal of stabilizing our debt as a share of the economy.

Prev | 1 | 2

|

|

|