Posts Tagged ‘transportation’

Obama reveals American Jobs Act

Obama Jobs Speech

On Thursday night President Barack Obama revealed the details of The American Jobs Act, a $447 billion stimulus bill, to a joint session of congress and the country. Over half the bill is tax cuts with the remaining going towards targeted areas of spending. The main areas of the bill include: Infrastructure Bank –  initially to be funded by government, it will offer loans for private-sector infrastructure projects. The bank should not need additional government funding as the interest paid on the loans should make it self-sufficient. $50 billion for transportation improvements including roads and mass transit. Payroll tax cuts –…
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