Obama $447B Jobs Plan Has $105B for Infrastructure
President Obama’s $447-billion plan to create jobs has a substantial infrastructure component--$105 billion for transportation, school upgrades and housing rehab projects.
Obama' proposed "American Jobs Act," which he outlined in a Sept. 8 speech to a joint session of Congress, also contains extended or expanded tax breaks for companies, aimed at encouraging them to hire additional workers and spend more on capital equipment.
Obama called on Congress to pass the proposal "right away," but few measures move immediately on Capitol Hill. And House Republicans--who have fought Obama on other legislation since they took control of the chamber early this year--indicated they won't accept the plan as the President presented it.
Initial reaction from House GOP leaders wasn't hostile, but signaled they will pursue their own priorities on jobs legislation. Speaker John Boehner (R-Ohio) said, "The proposals the President outlined....merit consideration. We hope he gives serious consideration to our ideas as well."
House Majority Leader Eric Cantor (R-Va.) said in a televised appearance on Sept. 9 that Obama seemed to be taking an "all or nothing" approach on the jobs bill. Cantor said, "I don't think that's the right approach. What we should do is go for the things in the package that we both can agree on." Cantor cited tax breaks for small businesses and expediting reviews for infrastructure projects as examples of common ground.
Obama said the entire $447 billion would be paid for, and added that he would ask the congressional deficit-reduction "supercommittee" to add the proposal's cost to the more than $1 trillion in 10-year savings they have been charged with finding.
Infrastructure spending makes up 23% of the package's price tag. Some of the elements of that part of the proposal are new; others were proposed months earlier but not enacted.
The plan's $105 billion for infrastructure includes $50 billion for transportation, $25 billion to upgrade public-school buildings, $5 billion for improvements to community college facilities, $15 billion for repairs and improvements to abandoned or foreclosed housing and commercial buildings, and $10 billion to launch a “National Infrastructure Bank.”
The $50-billion infusion for transportation was part of Obama’s fiscal 2012 budget proposal, transmitted to Congress in February. But House appropriators rejected that funding boost in the the 2012 transportation spending bill that cleared subcommittee on Sept. 8.
In the Senate, the Appropriations Committee didn't make room for the $50 billion in its newly approved funding allocation for the 2012 transportation bill.
Nor has the funding been included in surface-transportation reauthorization proposals in the House or Senate.
The $50 billion, which the White House describes as “immediate investments…to jump-start critical infrastructure projects and create hundreds of thousands of jobs,”
includes $27 billion for highways, $9 billion for transit, $2 billion for intercity passenger rail and $2 billion for airports.
Also in the $50 billion is $10 billion for “innovative ways of financing and investing in infrastructure,” including $4 billion for high-speed rail and $5 billion for the existing, and extremely popular, TIFIA federal loan program and TIGER discretionary grants.
The plan also includes $10 billion to launch a “National Infrastructure Bank,” versions of which have been proposed in the Senate and House.
The proposed funding for school upgrades has a familiar ring. Early versions of what became the 2009 American Recovery and Reinvestment Act, had sizable amounts for school renovations--as stimulus bills moved out of committee early in 2009, the House had $20 billion for school projects and the Senate had $19.5 billion.
But in a major disappointment to design and construction firms that specalize in buildings, the money was dropped from the final measure when Sen. Susan Collins (R-Maine), a key player in the final negotiations, objected to a new federal school construction program.
The new package's $15 billion for housing rehab is part of what the White House calls “Project Rebuild.” It would provide funds in “proven strategies that leverage private capital and expertise to rehabilitate hundreds of thousands of properties,” the White House says.
It also seeks to use partnerships between local governments, non-profit organizations and private-sector entities as well as “land banks” to purchase and redevelop distressed buildings.
The Obama plan's tax provisions include a proposal to halve companies payroll taxes, to 3.1%, for the first $5 million in payroll.
In addition, the proposal would eliminate payroll taxes for companies that hire new employees or boost current workers' wages--up to a cap of $50 million in total wage hikes.
Moreover, the package would extend into 2012 companies' ability to "expense" capital equipment purchases.
Well everyone that is able to write to their politicians. Because should this Plan(President's Obama's) Pass it would possibilly mean lots of work for the construction field! But Like ...
September 9, 2011
Well everyone that is able to write to their politicians. Because should this Plan(President's Obama's) Pass it would possibilly mean lots of work for the construction field! But Like always polticians can take for ever or water the Plan down so much that it would be totally different when and if passed.
Here's an excerpt from the Republican Party Home Repair Manual: "If the roof has a leak, just put a bucket under the drip. We'll do repairs once everything has caved in."
September 10, 2011
Here's an excerpt from the Republican Party Home Repair Manual: "If the roof has a leak, just put a bucket under the drip. We'll do repairs once everything has caved in."
Here's an excerpt from the Democrat Party Home Repair Manual: "If the roof has a leak, just replace the roof. You can pay for it with a credit card."
September 11, 2011
Here's an excerpt from the Democrat Party Home Repair Manual: "If the roof has a leak, just replace the roof. You can pay for it with a credit card."
"obama said the entire $447 billion would be paid for" ...... the lies and our national debt continue to increase exponentially. Socialism always fails when they run out of other peopl...
September 11, 2011
"obama said the entire $447 billion would be paid for" ...... the lies and our national debt continue to increase exponentially. Socialism always fails when they run out of other peoples money to spend. Cuba voted for change in 1959.....our path has been remarkedly similar.
spend another half trillion....when your already bankrupt it makes perfect sense. liberalism is a mental disorder.
September 11, 2011
spend another half trillion....when your already bankrupt it makes perfect sense. liberalism is a mental disorder.
this guy is more clueless & dangerous than jimmy carter
September 11, 2011
this guy is more clueless & dangerous than jimmy carter
Do you want more money for construction or not? I don't see the republicans coming up with anything that would put the 15% + construction folks back to work.
September 11, 2011
Do you want more money for construction or not? I don't see the republicans coming up with anything that would put the 15% + construction folks back to work.
"construction folks" are not going back to work until the private sector starts up again. The government cannot be the only purchaser of construction services for this to happen. we j...
September 12, 2011
"construction folks" are not going back to work until the private sector starts up again. The government cannot be the only purchaser of construction services for this to happen. we just spent $800B in last "stimulus" package on construction and that really did nothing for construction folks, did it? when will you liberals realize the government is broke and too large. get the government out of our lives, out of our pockets, & out of regulating every last thing, ... then the private sector will get the economy going.
What's new and different here? The first "stimulus" was for $787B, $130B of which was going to be spent on construction. ENR and supposedly the construction/engineering industry wa en...
September 12, 2011
What's new and different here? The first "stimulus" was for $787B, $130B of which was going to be spent on construction. ENR and supposedly the construction/engineering industry wa enthused about this infusion BUT WHERE DID THE OTHER $657B GO? We need to support jobs that result in hard assets and that's an easy sell but we need to avoid the economic smoke and mirrors that Congress and the Administration foist on the [taxpaying] public in the name of "jobs" that don't produce anything. Those in Washington, D.C., whether they're Republican or Democrat, don't seem to get that!
Another $ half trillion towards the intentional destruction of America. Even tom ichniowski from the propaganda wing (enr) of obamas socialist party cant find kind words for this failu...
September 12, 2011
Another $ half trillion towards the intentional destruction of America. Even tom ichniowski from the propaganda wing (enr) of obamas socialist party cant find kind words for this failure.
When one looks around at highways, bridges, waterways, airports, seaports, railroads, health care facilities, National Parks and Recreation areas, dams, schools and libraries, it is eas...
September 12, 2011
When one looks around at highways, bridges, waterways, airports, seaports, railroads, health care facilities, National Parks and Recreation areas, dams, schools and libraries, it is easy to see what Americans value. These facilities were once the substance of what made this nation great and an example to the world of what a successful democracy could accomplish. Now, these things are in disrepair, substandard, or non-existant. We close more and more military bases everyday not because we don't need them, but because we cannot afford them. I see weigh stations on my local Interstate that are rarely open more than a few days every few months, and rest areas that are simply closed because we cannot afford the up-keep.
What was once the envy of the rest of the world has begun decaying. And where we once had the biggest dams and buildings, airports and seaports, now even tiny places like Singapore out shine us. China claims our heritage not only by it's own construction projects, but by buying our infrastructure.
The idea of Federal spending programs is that it is our money...yours and mine. It's always been that way, and the Feds give back the tax money they collect where it is deemed to be needed most. The highways and bridges, schools and parks and prisons are things I enjoy and like using or know of their need, but I recognize that there are many Americans who do not want our money spent on these things. They want lower taxes so they can get more money to spend on audio/video equipment, cellular gizmos, Ford Pick-ups that no one would ever take on a jobsite or farm for being so expensively fancy, and other consumer excesses.
The Federal Government has as part of it's responsibilities the construction of all of those facilities I mention, or to at least pay huge portions thereof. So when they talk about spending money on construction, this is money that has always been spent by the Government on these types of Projects. Trolley Lines, Subways, bridges and Interstates water and wastewater treatment plants are all Federally funded, and so are railroad construction, airport and seaport construction. Prisons, healthcare facilities, schools, local courthouses, fire houses and police stations have Federal dollars--our dollars---in them. Having worked on constructing treatment plants, tunnels, highways and bridges, hospitals and schools, I know where tax dollars do lots of good.
What would you rather have, good highways and bridges, good ports and airports, hospitals and schools, or a cooler cell phone or two? Growing up, I always remember two policemen in every car. Now that rarely is seen, and is usually one fellow, and he's stretched thin. Or the firehouse and the firemen therein, and the fire trucks: who do you think pays for them, General Motors, Amazon or EXXON/Mobile?
Of course not. It's the Federal Government to a large or small degree. It is unbelievable to me that Americans, especially Republicans, are so self-absorbed that they would rather haveless taxes and more and more consumer excesses and fewer of the things that matter. Who did some of the writers think paid for the American way of life? The corporations? Corporations want to pay less taxes than they do now, and in their paying fewer taxes, they keep me from having better roads and bridges, better firehouses and trucks and trained firemen, they keep schools at the brink of disaster and threaten to lay off teachers because there is no tax revenue to keep the police and fire , teachers and public works guys on the payrolls.
We get what we pay for, and as Americans, we need to understand that if we are unwilling to pay for these things then we do not deserve them.
All of those things made this country great: all the highways and Interstates, the giant bridges, the huge national parks, the seaports and airports where the goods of the world come and go. Our schools and teachers, the public health folks and trashmen, police and firemen with their apparatus and vehicles would be missed beyond belief if we went a single day without them.
If we spend the money, real people will have jobs, things will improve where the money touches the infrstructure.
I don't believe the Republicans are so ignorant to not understand that we as a nation are no more than what we put into the infrastructureof our Nation, whether it's the military or the schools.
Maybe they should quit worrying about giving large corporations tax breaks, or banks and insurance companies more tax breaks. They are not going to build these infrastructure projects and certainly are not going to freely contribute to them. They use these things as much if not more in some cases than anyone else. Corporations need to be made to help pay a fair share for all of our infrastructure since their tax dollars are considerable and they use our Nations resources. They want to say give them a tax break and they will hire
What was once the envy of the rest of the world has begun decaying. And where we once had the biggest dams and buildings, airports and seaports, now even tiny places like Singapore out shine us. China claims our heritage not only by it's own construction projects, but by buying our infrastructure.
The idea of Federal spending programs is that it is our money...yours and mine. It's always been that way, and the Feds give back the tax money they collect where it is deemed to be needed most. The highways and bridges, schools and parks and prisons are things I enjoy and like using or know of their need, but I recognize that there are many Americans who do not want our money spent on these things. They want lower taxes so they can get more money to spend on audio/video equipment, cellular gizmos, Ford Pick-ups that no one would ever take on a jobsite or farm for being so expensively fancy, and other consumer excesses.
The Federal Government has as part of it's responsibilities the construction of all of those facilities I mention, or to at least pay huge portions thereof. So when they talk about spending money on construction, this is money that has always been spent by the Government on these types of Projects. Trolley Lines, Subways, bridges and Interstates water and wastewater treatment plants are all Federally funded, and so are railroad construction, airport and seaport construction. Prisons, healthcare facilities, schools, local courthouses, fire houses and police stations have Federal dollars--our dollars---in them. Having worked on constructing treatment plants, tunnels, highways and bridges, hospitals and schools, I know where tax dollars do lots of good.
What would you rather have, good highways and bridges, good ports and airports, hospitals and schools, or a cooler cell phone or two? Growing up, I always remember two policemen in every car. Now that rarely is seen, and is usually one fellow, and he's stretched thin. Or the firehouse and the firemen therein, and the fire trucks: who do you think pays for them, General Motors, Amazon or EXXON/Mobile?
Of course not. It's the Federal Government to a large or small degree. It is unbelievable to me that Americans, especially Republicans, are so self-absorbed that they would rather haveless taxes and more and more consumer excesses and fewer of the things that matter. Who did some of the writers think paid for the American way of life? The corporations? Corporations want to pay less taxes than they do now, and in their paying fewer taxes, they keep me from having better roads and bridges, better firehouses and trucks and trained firemen, they keep schools at the brink of disaster and threaten to lay off teachers because there is no tax revenue to keep the police and fire , teachers and public works guys on the payrolls.
We get what we pay for, and as Americans, we need to understand that if we are unwilling to pay for these things then we do not deserve them.
All of those things made this country great: all the highways and Interstates, the giant bridges, the huge national parks, the seaports and airports where the goods of the world come and go. Our schools and teachers, the public health folks and trashmen, police and firemen with their apparatus and vehicles would be missed beyond belief if we went a single day without them.
If we spend the money, real people will have jobs, things will improve where the money touches the infrstructure.
I don't believe the Republicans are so ignorant to not understand that we as a nation are no more than what we put into the infrastructureof our Nation, whether it's the military or the schools.
Maybe they should quit worrying about giving large corporations tax breaks, or banks and insurance companies more tax breaks. They are not going to build these infrastructure projects and certainly are not going to freely contribute to them. They use these things as much if not more in some cases than anyone else. Corporations need to be made to help pay a fair share for all of our infrastructure since their tax dollars are considerable and they use our Nations resources. They want to say give them a tax break and they will hire
Ken... if you're gonna write a long comment, you need to put it in your local newspaper (as an op-ed). (I keep mine fairly brief; it's the 2nd one listed.) You are preaching to the ch...
September 12, 2011
Ken... if you're gonna write a long comment, you need to put it in your local newspaper (as an op-ed). (I keep mine fairly brief; it's the 2nd one listed.) You are preaching to the choir on these comment sections, so almost everyone already agrees with you.
There is an incessant right-wing wacko, who posts multiple times in certain blogs (incl this one). He will never accept any suggestion or analysis by a democrat (even if the democrat says "grass is green"). These people are in their own world... so you have to simply roll your eyes and move on.
There is an incessant right-wing wacko, who posts multiple times in certain blogs (incl this one). He will never accept any suggestion or analysis by a democrat (even if the democrat says "grass is green"). These people are in their own world... so you have to simply roll your eyes and move on.
Obama's "plan" reeks of political manipulation. Let's contemplate a couple of simple facts supported by recent evidence: A large chunk of federal money designated for "jobs" and "stim...
September 13, 2011
Obama's "plan" reeks of political manipulation. Let's contemplate a couple of simple facts supported by recent evidence: A large chunk of federal money designated for "jobs" and "stimulus" does NOT make its way into public infrastructure improvements and it's extra shallow thinking to accept the crumbs passed down to our industry given the trade-offs and real cost in terms of government growth, deficit spending, an unsustainable debt load, and further damage to the economy. We need to look at the big picture and the long term. Obama's "plan" does none of that. If we embrace this nonsense, we're screwed.
It's you frog huggin liberals who believe "grass is not green". After all it requires weed killers, & fertilizers, & irrigation, & men with trucks, who have jobs, to cut the grass with...
September 13, 2011
It's you frog huggin liberals who believe "grass is not green". After all it requires weed killers, & fertilizers, & irrigation, & men with trucks, who have jobs, to cut the grass with those evil lawn mowers which destroy your ozone, which destroys the planet, which serves as your God. Nope...grass is not green.
It is my hope that workers on publically funded jobsites have all completed OSHA safety training. There are seven states (MO, NV, NH, NY, RI, CT, and MA) that have state laws on the boo...
September 14, 2011
It is my hope that workers on publically funded jobsites have all completed OSHA safety training. There are seven states (MO, NV, NH, NY, RI, CT, and MA) that have state laws on the books requiring all workers on such jobsites to complete the OSHA 10 hour construction course. Safe workers have fewer accidents and save us tax dollars in the long run.
I did not see many go back to work under the last stimulus. Only roads got repaved no matter what the condition. States took easy way out to get the money. I was in concrete industry an...
September 16, 2011
I did not see many go back to work under the last stimulus. Only roads got repaved no matter what the condition. States took easy way out to get the money. I was in concrete industry and lost my job. All he is proposed was to be completed under 1st.
Infrastructure Bank, Public /private investment projects supported by Bond issues for State projects, A National Energy independence Plan utilizing Natural Gas resources, Co-operative E...
September 16, 2011
Infrastructure Bank, Public /private investment projects supported by Bond issues for State projects, A National Energy independence Plan utilizing Natural Gas resources, Co-operative Engineers at local, state and national levels to ensure progress, not obstruction in processing Construction. People who have jobs do not need more money in their pockets until we have a much lower un-employment rate. Jobs not additional benefits
Wasn't this already talked about since the beginning of his elections and the last stimulus didn't even do anything for construction where did all that money go?? I'm a construction en...
September 16, 2011
Wasn't this already talked about since the beginning of his elections and the last stimulus didn't even do anything for construction where did all that money go?? I'm a construction engineer I didn't see any new jobs created at all. The article said thousands jobs will be created we need millions not thousands.