President Obama toured our area today and cheer-leaded for his American Jobs Act. President Obama at NC State University in Raleigh: (click link in article below for video)...
“The time for hand-wringing is over. The time for moping around is over. We’ve got to kick off our bedroom slippers and put on our marching shoes,” he said.
Obama’s job’s plan calls for tax cuts, infrastructure spending and new job training assistance to be funded by ending tax loopholes for corporations and American families earning more than $250,000 a year. According to the White House the act will create jobs in NC as follows:
• The President’s plan will cut the payroll tax in half to 3.1% for employers on the first $5 million in wages and in North Carolina, 170,000 firms will receive a payroll tax cut under the American Jobs Act.
• The President’s plan includes $50 billion in immediate investments for highways, transit, rail and aviation which would include at least $797,900,000 in North Carolina that could support a minimum of approximately 10,400 local jobs.
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