Archive for October 31st, 2011
October 31st, 2011 | 
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90 Second Summaries: Season 2, Episode 23 S. 1549: American Jobs Act of 2011 Introduced 9/13/2011 Sponsor: Sen. Harry Reid (D-NV) on behalf of President Obama Read more at bit.ly Cosponsors: None Status: Bypassed committees entirely upon introduction. Will likely be brought to Senate floor within the next couple of weeks, but unlikely to reach the 60-vote threshold on a motion to proceed to debate. House Companion: HR 12, sponsored by Dem Caucus Chair John Larson (D-CT1) at the request of the President. No cosponsors. Referred to Ways and Means and ten other committees with partial jurisdiction. Highly unlikely to move barring a compromise deal. Purpose: America currently faces two dueling crises: deficits and jobs. For most of this year, the focus in Washington has been on debt reduction and spending cuts, but such measures only serve to worsen the unemployment situation. Thus, in response to the August deal that paired a raise in the debt ceiling with substantial spending cuts and the formation of a “Super Committee” on deficit reduction, the outcry for federal action to create jobs has grown. President Obama responded with a major speech to Congress on September 8th, in which he announced the American Jobs Act. Summary: The $447 billion American Jobs Act contains three major components: 1) Tax Cuts for Individuals and Businesses • Cuts the employee payroll tax in half (from 6.2% to 3.1%) for 2012 (Cost: $175B) • Cuts the employer payroll tax in half for the first $5 …
Bernard Myung
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Canoe Creek is launching a campaign to cast vision for it’s members. It will include an element of debt reduction, and finishing out a church building project that has already begun to be built. In this video you will hear compelling testimonies of “life change” from members of the church and you will see just a glimpse of the future with a 3D Virtual Tour. Take the journey now to find out more about the Reveal Campaign. Vision Video was produced by www.3DreamStudios.com
Lily Lollar
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Greta Mattier