Wednesday, March 20, 2013

Obamas Job Plan

Obamas Job Plan

The unemployment rate in North Carolina has recently risen to 10.4% but Obama has an answer. I willing be discussing how professorship Obama plans to carry out this plan, how he is tone ending to pay for this jobs plan, and the republican criticism about the jobs plan and tax proposals.
chairperson Obamas $447 billion is meant to decrease the unemployment rate. This plan would give NC about $798 jillion to modernize roads and transit system. Also, $900 million will go to hire as many as 1,300 teachers, firefighters and police officers.
President Obama plans to pay for his jobs plan by making tax growths. Obama proposed remunerative for this plan by eliminating $467 billion in tax breaks. This sum the tax rate for wealthy Americans and companies will be increase to help pay for the jobs plan. Also, it would raise $400 billion by limiting deductions and exemptions for individuals who earn more than than $200,000 per year and families who earn more than $250,000 per year. This means Republicans will immediately oppose this plan. But if lawmakers entert support Obamas jobs plan then they will be seen as people who arent trying to repair the economy.
Because Obama plans to pay for this plan by taxing richer Americans, there has been a lot of criticism from Republicans.

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An example of Republican criticism would be from Eric Cantor, the number two Republican in the House of Representatives who said, and I hope the President is not suggesting that we pay for his proposals with a huge tax increase. Also, It would be fair to say that this tax increase on job creators is the kind of proposal both parties construct opposed in the past, said Brendan Buck, spokesman for House speaker bum Boehner, the top Republican in Congress. He went on to say, I just dont think that is really going to help our economy in the way it should. Opinion poll show that Americans are unhappy with the arguing in Washington.
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