1) Tax Cuts for Small Business
a. Payroll Tax Cut
2) Putting Workers Back On the Job
a. Fund to prevent teacher layoffs and first responder layoffs – $35 billion. $30 billion would be used to prevent teacher layoffs and would be distributed using Title I formula and not given to Governors with great discretion as was done before. $5 billion for first responders to be distributed through COPS and Safer Communities.
3) Rebuilding America
a. $30 billion investment in School Construction – to be distributed to the 100 neediest school districts
b. $50 billion in infrastructure – $5 billion for TIGER IV and TIFIA
c. $10 billion for an infrastructure bank – open to projects from both the public and private sectors
d. $15 billion for Project Rebuild – formerly Neighborhood Stabilization – addressing foreclosures and vacant commercial properties
4) Pathways Back to Work – $5 billion
a. Extend UI
b. 1/3 summer jobs; 1/3 TANFF Emergency and 1/3 Innovation Fund for Training
5) Plan is fully paid for.
a. President will look to the Super Committee to identify $1.5 Trillion plus additional savings which will pay for the plan." (Dayen, D. (2011). The American Jobs Act, Summarized. http://news.firedoglake.com/2011/09/08/the-american-jobs-act-summarized/)