On the recordJuly 24, 2012
Well, let me just pick up a little more on the education. The most important investment any society will ever make is the education of their children and the re-education of their workforce. In the American Jobs Act there are the 280,000 teachers that would have been in the classroom this entire year. They're not there today because there's been no movement on this floor to even debate in committee, let alone take up a vote on this floor, the American Jobs Act. Also, many of the schools across America are run down. Their laboratories, their classrooms are antiquated. They don't have air conditioning, many, many other problems. The American Jobs Act provided money for 35,000 schools across the United States to be upgraded, to be rehabilitated so that 250,000 jobs would have been created right there. Before we go any further, I know you're all worried, oh, it's going to increase the deficit. The American Jobs Act would increase the deficit. No, it would not. Mr. Tonko, you spoke earlier about when people go to work, the economy gets going, money is circulated, taxes are paid. The other part of it is, the American Jobs Act was fully paid for by ending unnecessary tax subsidies to companies that don't need it, specifically the oil industry. The wealthiest industry in the world would lose its tax breaks that amount to over $16 billion, and that money would come back to pay for Americans going back to work. There are other things.…
Source
govinfo.gov




