On the recordOctober 11, 2011
Ask Americans their priority, and they'll tell you it's jobs. There are 14 million Americans out of work. There are 9.3 million more Americans working part-time because they can't find full-time employment. There are millions more Americans whose incomes have stagnated because of the persistent unemployment which has dragged down economic growth. In fact, median household income has fallen 9.8 percent since the recession first began in 2007. More troubling, although the overall economy has been growing again, household incomes continue to fall. Since December 2007, American households have lost more than $5,400 per average household. There are several factors leading to this decline. One of the most significant is that in order to find work, many millions of unemployed Americans are forced to accept lower pay. With millions of Americans still desperately searching for jobs, businesses can afford to offer lower wages. With millions of American families slipping below the poverty line and wondering where the next mortgage payment or meal will come from, prospective workers can't afford not to take the pay cut. It's clear we must pass the American Jobs Act. This is a plan that reduces business taxes to encourage private sector hiring and increases infrastructure investment to repair and rebuild America, creating jobs. And it cuts taxes for every working American.…





