Money for construction and protecting public jobs part of plan; tax cuts for individuals and small businesses would add even more to Oklahoma's economy.
NewsOK
BY CHRIS CASTEEL ccasteel@opubco.com
Published: September 10, 2011
WASHINGTON — President Barack Obama's jobs plan would pump nearly $1.2 billion into Oklahoma for road-building and school renovations and for retaining teachers and public safety officers, according to an analysis released by Senate Democrats on Friday.
Obama's $447 billion plan, unveiled to a joint session of Congress on Thursday, is a package of new spending and tax cuts aimed, the president said, at delivering a “jolt” to the economy. According to the Democratic analysis, the average Oklahoma family would receive a tax cut of $1,430 next year, and 70,000 businesses in the state would get relief from the payroll tax.
The plan to invest more money in roads and transit projects would mean $489 million for Oklahoma, even more than the $465 million the state got from the 2009 stimulus bill. According to the analysis, the funding would provide about 6,400 local jobs.
The state would get about $360 million through the president's proposal to protect the jobs of 5,900 teachers and first responders and another $267 million to modernize public schools and support another 3,500 jobs.
Oklahoma would also get $57.5 million to modernize community colleges and another $20 million to refurbish vacant and foreclosed homes and businesses... FULL ARTICLE
Posted on
Sat, September 10, 2011
by John Cox