The American Jobs Act of 2011 Legislative Proposal

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Designed to help "put more people back to work." Includes a section-by-section analysis and explanation of the legislation, which was dated and submitted to Congress on September 12, 2011.

Highlights of this report include cutting payroll taxes in half for 160 million workers per year -that is roughly a $1,500 tax cut to the American family, without negatively impacting Social Security Trust Fund. Plus, the Act allows more Americans to refinance their mortgages at near 4 percent intersest rates that can put more than $2,000 a year in a family's pocket. It also offers a $4,000 tax credit to employers for hiring long-term unemployed workers and offers expanded job opportunities for low-income youth and adults through a fund for successful approaches to subsidized employment, innovative training programs, and summer/year-round jobs for youth.

Check out our Jobs & Employment resources collection here: https: //bookstore.gpo.gov/catalog/business-finance/jobs-employment"