What is in this article?:
- Vilsack pushes American Jobs Act in California
- Sweeping reforms
- The American Jobs Act was sent to Capitol Hill and the Obama Administration is calling on Congress to act on it immediately. The Act has five components that will create jobs and strengthen California's economy.
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 1,023,000 long-term unemployed workers in California back to work.
Alongside these reforms, the President is reiterating his call to extend unemployment insurance, preventing 356,900 people looking for work in California 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 19,800 adults and 58,600 youths in jobs in California.
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 California, with a median income of around $56,000, will receive a tax cut of around $1,740.
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. Last week, the President released a detailed plan to 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.