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On Aug. 10, Congresswoman Jan Schakowsky (D-IL) announced she will introduce the “Emergency Jobs to Restore the American Dream Act,” a plan to put 2.2 million people to work for two years.
“It begins with this simple idea: If we want to create jobs, then create jobs. I’m not talking about ‘incentivizing’ companies in the hopes they’ll hire someone, or cutting taxes for the so-called job creators who have done nothing of the sort. My plan creates actual new jobs,” said Rep. Schakowsky. “The worst deficit this country faces, isn’t the budget deficit. It’s the jobs deficit. We need to get our people and our economy moving again,” she added.
An editorial in the New York Times on Aug. 15 supported programs in the bill, highlights in particular the Fix America’s Schools Today idea. Under the bill, 400,000 construction and 250,000 maintenance jobs would be created by funding positions to do needed repairs and rehabilitation of school buildings throughout the country.
The Times’ editorial also says, “Other programs in the Schakowsky bill could employ an estimated one million young people for projects in federal parks, community centers and on college campuses, as well as 350,000 laid-off teachers, police officers, firefighters and health care providers.”
Rep. Schakowsky says the $227 billion cost of the bill ($113.5 billion over each of two years) can be fully paid for through separate legislation such as the Fairness in Taxation Act, which she is sponsoring. That bill, she says, proposes to create higher tax brackets for millionaires and billionaires, and eliminate subsidies for Big Oil and tax loopholes for corporations that send American jobs overseas.