Trade groups endorse Obama jobs proposal
Several local government and infrastructure associations are calling on Congress to quickly pass President Obama’s proposed American Jobs Act (AJA). AJA’s focus on infrastructure construction, renewing the Build America Bonds program and green building drew particularly favorable responses.
The $447 billion AJA includes a mix of tax cuts aimed at encouraging businesses to hire new employees, as well as new spending for infrastructure projects, including the creation of a National Infrastructure Bank aimed at encouraging private investment in infrastructure projects.
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