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North Carolina & the American Jobs Act

With President Obama in Raleigh today speaking about his proposed American Jobs Act, it’s worth taking a moment to note the potential impact of the bill on North Carolinians should it pass Congress.

According to data released by the White House, the American Jobs Act would:

  • Cut workers’ payroll tax in half, resulting in a tax cut of $1,300 for a family at North Carolina’s median income of about $42,000,
  • Give a payroll tax cut to 170,000 small businesses in North Carolina,
  • Provide North Carolina with nearly $800 million for highway and transit modernization projects, $676 million to repair and upgrade public schools, and $163 million to modernize community colleges, creating an estimated 20,000 or more local jobs,
  • Provide over $900 million to support 13,400 jobs for teachers and first responders,
  • Prevent 90,400 out-of-work North Carolinians from losing their unemployment insurance benefits, and
  • Create a Pathways Back to Work Fund that could put 4,000 adults and 12,700 youth back to work.

In the coming days, we aim to take a more in-depth look at the likely impact of the separate parts of the American Jobs Act on North Carolinians and the state’s economy.

7 Comments

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  2. Disaffected DEM

    September 14, 2011 at 2:56 pm

  3. frances

    September 14, 2011 at 3:20 pm

    As with the last, impact would be ZERO.

  4. Ed McLenaghan

    September 14, 2011 at 3:35 pm

  5. frances

    September 14, 2011 at 4:02 pm

    That is what Morning Joe said this morning. I do not remember the name of the economist.

  6. Frances Jenkins

    September 14, 2011 at 6:07 pm

    Another question, the plant visited by Obama, did they just open a plant some where other than the USA? I know I must have misread that in Politico.

  7. Jimmy

    September 15, 2011 at 7:23 am

    GOP winning the Weiner man’s seat is SHOCKING ! Has Obama lost the Jewish vote ?