How the Obama Jobs Act Would Affect Idaho’s Economy
According to a White House estimate, here’s how President Obama’s ‘American Jobs Act’ would affect Idaho’s economy:
• $160 million would prevent or reverse layoffs of about 2,500 teachers, police officers and firefighters.
• $190 million for highway and transit modernization projects could support at least 2,500 jobs.
• $94 million would upgrade schools, supporting as many as 1,200 jobs.
• About 40,000 Idaho businesses would see their payroll taxes cut in half to 3.1 percent on the first $5 million in wages.
• $20 million would revitalize and refurbish vacant or foreclosed homes and commercial buildings.
• $11 million would upgrade community colleges.