Options for an Organization
Even as the 2012 elections draw near, president Obama has been struggling to convince Congress to rally behind him and ensure that the Americans Jobs Act is adopted. All this is for the sake of reconstructing the US economy that has been performing poorly. The sole objective of the Act is to put more Americans back to jobs thus ensuring more money in the pockets of the working population. For the interest of the above Act and the plea from the president to both the Democrats and the Republicans, this paper seeks to find out the genuineness of the call. Is it just a preamble of campaign strategies for 2012 general elections?
The President proposes incentives for small businesses to hire and grow. This will see to it that the Payroll Tax for the First $5 Million in Wages is halved. Consequently, most small-scale businesses will strive to grow in order to employ more people or rather increase the wages for their employee so that they can enjoy the tax cut benefits (www.americanjobsact.com).
Secondly, the President is proposing investments that would stop layoffs of approximately 200,000 teachers, offer employment opportunities for veterans who have remained unemployed for a long period, and put more Americans to work by rebuilding or improving infrastructure ranging from roads, bridges schools among others. This would unquestionably ensure that more people have a source of income including the disabled thus reducing the dependency ratio (www.americanjobsact.com).
In addition, the President's plan also proposes an expanded payroll tax cut, which will see to it that the workers payroll tax is reduced by half in the coming year. For instance, for a basic US family with a family income of let us say $50,000 a year, this provision offers a tax cut of up to $1,500 (www.americanjobsact.com).
Finally, the president’s has integrated the best ideas of both parties and borrowed much from the most innovative states to come up with massive reforms in unemployment insurance system. These reforms include extending the insurance cover period, which will ensure millions of Americans losing job do not lose the benefits so soon (www.americanjobsact.com).
Undoubtedly, there are enough reasons as to why the American jobs Act bill has to sail through when brought to the congress for debate. Just think of millions of Americans who are grappling with mortgage repayment after they lost their jobs thanks to the economic downfall. Similarly, consider the veterans of war who in some way were disabled and nobody is willing to offer a job for them as they are perceived as a burden. Finally, consider the employment opportunities that would be created as small-scale businesses hire more people and grow because of tax cuts the bill provides for wages payroll for the first $5 million.
Predictably, the skeptics never lack for any course of action, whether meritorious or evil. The Wall Street Journal has come out opposing the American Jobs Act claiming that the government is simply introducing another permanent increase in taxes to pay for temporary tax cuts (www.guardian.co.uk; 2011/sep/09). My principal point of disagreement is the way the journal has relied on assumptions to propagate their fears. Depending on the state of economy in the future, it would be understood that the so-called permanent tax increase is not worth being compared with millions of job opportunities created and the increase in per capita income.
In conclusion, it is an honest plea from me, confidently believing that my view represents millions of others both unwritten and unspoken, that the congress moves in haste and allows this bill to succeed. It is only in this aspect that the future of the current and the future generations will be preserved.
American Jobs Act: point by point. Retrieved on 20th September 2011 from
President Obama's Speech to a Joint Session of Congress. Retrieved on 20th
September 2011 from <http://www.americanjobsact.com/>