Jobs: The American Jobs Act and the Bring Jobs Home Act

Dave Johnson

Want jobs? Here’s how. Jobs have been on the agenda for some time. Republicans filibustered both (and are campaigning that there are no jobs).

If you are reading, hearing or watching a report covering jobs and/or the campaign that does not include this information, you have a right to call up the reporter and ask why it was left out.

The American Jobs Act

That is just part of what the American Jobs Act accomplishes.

The American Jobs Act has been sitting in front of the Congress for a year. Republicans have been blocking it for a year.

Here are a few of the things the American Jobs Act will do if Congress will pass it:

  • A “Returning Heroes” hiring tax credit for veterans: This provides tax credits from $5,600 to $9,600 to encourage the hiring of unemployed veterans.
  • Preventing up to 280,000 teacher layoffs,while keeping cops and firefighters on the job.
  • Modernizing at least 35,000 public schools across the country,supporting new science labs, Internet-ready classrooms and renovations at schools across the country, in rural and urban areas.
  • Immediate investments in infrastructure and a bipartisan National Infrastructure Bank, modernizing our roads, rail, airports and waterways while putting hundreds of thousands of workers back on the job.
  • A New “Project Rebuild”, which will put people to work rehabilitating homes, businesses and communities, leveraging private capital and scaling land banks and other public-private collaborations.
  • Expanding access to high-speed wireless as part of a plan for freeing up the nation’s spectrum.

The Bring Jobs Home Act

According to GovTrack.us, the Bring Jobs Home Act,

Amends the Internal Revenue Code to:

(1) grant business taxpayers a tax credit for up to 20% of insourcing expenses incurred for eliminating a business located outside the United States and relocating it within the United States, and

(2) deny a tax deduction for outsourcing expenses incurred in relocating a U.S. business outside the United States. Requires an increase in the taxpayer’s employment of full-time employees in the United States in order to claim the tax credit for insourcing expenses.

Those two bills had enough votes to pass, but were blocked. You have a right to at least know that.

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