Maloney applauds boost to NY schools/transportation from Obama jobs bill
New York, NY – U.S. Rep. Carolyn Maloney today hailed the benefits for New York’s schools and transportation network that would be provided if the American Jobs Act (the balanced, bipartisan, and fully-paid-for job creation bill President Obama proposed earlier this month) is signed into law. The jobs bill (H.R. 12) was introduced in the House on Wednesday.
“Investing in our children and in our transportation network has a huge economic upside, both over the short term and in the long run. It’s also the right thing to do,” said Maloney. “The $6.68 billion in funding in the jobs bill to modernize New York schools, upgrade our transportation networks, and hire teachers and first responders could provide a staggering 82,000 jobs at a time when we really need them. Every one of these proposals has had bipartisan support in the past – so there’s no reason, with our economy hanging in the balance, for anyone in Congress to stand in the way of this jobs bill now. Again, I join President Obama in urging my colleagues on the other side of the aisle to work with us and pass this bill.”
The jobs bill would invest $2.9 billion to help repair and upgrade New York’s roads, bridges, airports, and transit systems. The White House estimates that these investments would support more than 38,000 jobs while improving New York’s infrastructure, much of which is in need of repair.
According to Transportation for America, 13% of New York’s roads are in poor condition, and there are 2,088 structurally-deficient bridges in New York State, which are used by more than 15,000,000 people each day. Structurally deficient bridges in Maloney’s district include the Park Avenue tunnel crossings in East Midtown (20,000 cars per day) and the Borden Avenue Bridge in Dutch Kills (4,000 cars per day) and the 49th Avenue Bridge over the Sunnyside Rail Yards (700 cars per day).
The jobs bill will also invest $1,769,800,000 to support up to 18,000 educator and first responder jobs in New York, and $2,020,000,000 to modernize New York public schools, which would support as many as 26,300 jobs.
A fact sheet on the bill from the White House follows below.
THE AMERICAN JOBS ACT: IMPACT FOR NEW YORK
The American Jobs Act has five components:
1. Tax Cuts to Help America’s Small Businesses Hire and Grow
• The President’s plan will cut the payroll tax in half to 3.1% for employers on the first $5 million in wages, providing broad tax relief to all businesses but targeting it to the 98 percent of firms with wages below this level. In New York, 440,000 firms will receive a payroll tax cut under the American Jobs Act.
2. Putting Workers Back on the Job While Rebuilding and Modernizing America
• The President’s plan includes $50 billion in immediate investments for highways, transit, rail and aviation, helping to modernize an infrastructure that now receives a grade of “D” from the American Society of Civil Engineers and putting hundreds of thousands of construction workers back on the job. Of the investments for highway and transit modernization projects, the President’s plan will make immediate investments of at least $2,982,200,000 in New York that could support a minimum of approximately 38,800 local jobs.
• The President is proposing to invest $35 billion to prevent layoffs of up to 280,000 teachers, while supporting the hiring of tens of thousands more and keeping cops and firefighters on the job. These funds would help states and localities avoid and reverse layoffs now, and will provide $1,769,800,000 in funds to New York to support up to 18,000 educator and first responder jobs.
• The President is proposing a $25 billion investment in school infrastructure that will
modernize at least 35,000 public schools – investments that will create jobs, while improving classrooms and upgrading our schools to meet 21st century needs. New York will receive $2,020,000,000 in funding to support as many as 26,300 jobs.
• The President is proposing to invest $15 billion in a national effort to put construction workers on the job rehabilitating and refurbishing hundreds of thousands of vacant and foreclosed homes and businesses. New York could receive about $213,700,000 to revitalize and refurbish local communities, in addition to funds that would be available through a competitive application.
• The President’s plan proposes $5 billion of investments for facilities modernization needs at community colleges. Investment in modernizing community colleges fills a key resource gap, and ensures these local, bedrock education institutions have the facilities and equipment to address current workforce demands in today’s highly technical and growing fields. New York could receive $235,300,000 in funding in the next fiscal year for its community colleges.
3. Pathways Back to Work for Americans Looking for Jobs.
• Drawing on the best ideas of both parties and the most innovative states, the President is proposing the most sweeping reforms to the unemployment insurance (UI) system in 40 years to help those without jobs transition to the workplace. This could help put the 360,000 long-term unemployed workers in New York back to work.
• Alongside these reforms, the President is reiterating his call to extend unemployment insurance, preventing 141,200 people looking for work in New York from losing their benefits. And, across the country, the number saved from losing benefits would triple by the end of the year.
• The President is proposing a new Pathways Back to Work Fund to provide hundreds of thousands of low-income youth and adults with opportunities to work and to achieve needed training in growth industries. Pathways Back to Work could place 7,900 adults and 31,600 youths in jobs in New York.
4. Tax Relief for Every American Worker and Family
• The President’s plan will expand the payroll tax cut passed last December by cutting workers payroll taxes in half next year. A typical household in New York, with a median income of around $50,000, will receive a tax cut of around $1,550.
5. Fully Paid for as Part of the President’s Long-Term Deficit Reduction Plan.
• To ensure that the American Jobs Act is fully paid for, the President will call on the Joint Committee to come up with additional deficit reduction necessary to pay for the Act and still meet its deficit target. The President will, in the coming days, release a detailed plan that will show how we can do that while achieving the additional deficit reduction necessary to meet the President’s broader goal of stabilizing our debt as a share of the economy.
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