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Tuesday, February 14, 2012

The House Democratic Plan for Jobs still beats anything from Republicans.


While Paul Ryan touts his austere plans for everyone but the wealthy, or “job creators,” the Democrats last year again quietly wrote up a solution to the nations problems and as usual, lost the messaging war.
Let’s go over it again, because it still applies today more than ever:
EPI: The Restore the American Dream for the 99% Act (H.R. 3638), was rolled out by the Congressional Progressive Caucus. Our analysis of the bill’s job creation measures shows that it would meaningfully boost near-term employment – to the tune of almost 2.3 million jobs in fiscal 2012 and 3.1 million jobs in fiscal 2013 – all while improving the long-term fiscal outlook.

The Act for the 99% would continue the EUC program and replace the payroll tax holiday with the more targeted Making Work Pay tax credit. The bill would also fund direct job creation programs, increase federal surface transportation investments and reinstate higher federal matching rates for Medicaid.

The job creation elements … financed by accompanying deficit-reduction proposals, which include enacting a millionaire surcharge, reducing spending by the Department of Defense, closing oil and gas loopholes, and taxing financial speculation. As President Obama said in his recent speech, “This isn’t about class warfare. This is about the nation’s welfare.

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