The American Jobs Act Controversy

President Barack Obama delivers remarks on the American Jobs Act in the William Neal Reynolds Coliseum at North Carolina State University in Raleigh, N.C., Sept. 14, 2011 (Official White House Photo by Pete Souza)

President Barack Obama delivers remarks on the American Jobs Act in the William Neal Reynolds Coliseum at North Carolina State University in Raleigh, N.C., Sept. 14, 2011 (Official White House Photo by Pete Souza)


The American Jobs Act continues to raise debates in the American society.

  • Jobs Plan Approval and Disapproval: The Gallup Daily research on a three-day rolling average shows growing disenchantment with President Obama’s jobs plan.
  • President’s Plan: In the Jobs Act sent to Congress on Monday, President Obama wants high-income workers to assume a greater tax burden. Mr. Obama says taxes won’t go up for those earnings below $250,000.
  • Tax Hikes for Jobs Creators: The tax hikes plan would only affect large companies. Oil and gas companies’ tax subsidies would be cut. Besides, The Jobs Act would raise taxes on some hedge fund managers and on corporate job owners. Republicans, including House Majority Leader Eric Cantor, R-VA., insist the plan contains a tax increase on “job creators”. However, defenders of the plan say wealthy individuals, hedge fund managers and corporate jet owners do not create many jobs.
  • The Jobs Act and New York City: Mr. Obama’s plan is intended to help small businesses in New York City; 400, 000 state firms will receive a payroll tax cut. Besides, The Jobs Act will provide immediate investments of nearly $3 million. in New York highway and transit modernization projects. It could mean about 39,000 jobs in the city. The plan suggests considerable investments in education and construction projects. At the same time, Republicans say the victory of Bob Turner over a Democrat David Weprin in New York’s 9th congressional district is another sign of unhappiness with Obama’s job plan.