What this is all about is 1.2 million new jobs. Economists tell us that this plan will create 1.2 million new jobs over the next 18 months. How? By putting extra money in the pocketbooks of workers and giving incentives to invest in the creation of new jobs. If you pay taxes, you benefit from this plan. We lower rates for everybody. We double the child tax credit, if you have children. We eliminate the marriage penalty, all this year, benefiting every taxpayer. Think about what an extra thousand dollars will mean for the average family in Illinois and in our congressional districts across this country. We also create jobs by encouraging investment. The bonus depreciation, for example, allows companies to deduct an extra 50 percent to recover their costs of purchasing an asset, a company car. We create jobs in manufacturing to encourage investment in new company cars and machine tools and bulldozers. We create jobs in the technology sector by encouraging greater investment in computers and telecommunications equipment. We create construction jobs by encouraging business to rehab commercial buildings, whether office buildings or shopping centers.
Editor's note · Context
Discussing a job creation plan and its economic benefits.
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