What does the American Jobs Act do for Montana? A lot. Whether you are a small business owner, a construction worker, teacher, police officer, fresh out of college, or looking for your way back into the job market, the American Jobs Act is the groundwork for helping working people in Montana.
President Obama has not been standing back as millions of people have lost jobs and suffered enormous repercussions of the country’s financial crisis. This bill lays out guidelines to give small business owners a payroll tax break, cutting it in half to 3.1% for employers on the first $5 million in wages. In Montana, that means that 30,000 small business firms will receive payroll tax cuts.
A very large part of the Jobs bill is focused on rebuilding and developing infrastructure, from highways to aviation to updating schools and universities. Development in these much-needed areas will allow for thousands of Montana construction workers to return to work with an immediate investment of at least $216,400,000.
For public service workers like teachers and police officers, the President has proposed to invest over $90 million to prevent thousands of layoffs. Improvements in unemployment insurance, including preventing workers who have been laid off from losing benefits in just six weeks, can give aid to 12,000 Montanans and help put them back to work.
These are among the many improvements included in the American Jobs Act. With the President’s jobs bill, parents will worry less about being able to provide for their kids. Small business owners can be successful. And people all across the state will be able to get back to work.