With the 2012 Presidential race down to two, jobs remain a hot button issue for voters across the country. This subject is especially important to the struggling construction industry, where the staggering 17.2% unemployment rate is more than double the 8.2% national average.
Here we’ll try to shed light on the candidates’ views on unemployment and their plans for putting Americans back to work.
The Common Ground
Both Barack Obama and Mitt Romney agree that, to stimulate our economy and produce job growth, we need to make the U.S. the most appealing location for investment. Reducing manufacturing regulations and taxes will bring jobs back to the U.S. The candidates also believe that tax cuts are essential to get the economy growing again.
Here’s an overview of the candidates’ positions on jobs and the economy:
- President Obama requested billions of dollars for jobs in his 2013 budget.
- $350 billion of the proposed budget will go toward job-creation. The budget also addresses infrastructure improvements, and highway and bridge construction.
- The President fought for the Trade Adjustment Assistance Extension Act to provide benefits for retaining workers who have seen their jobs move overseas.
- His job plan would cut taxes for workers and put construction laborers to work through infrastructure projects.
- “It will provide a tax break for companies who hire new workers and it will cut payroll taxes in half for every working American and every small business,” the President said.
- Romney’s goal is to get Americans back to work by reducing taxes, regulation, spending, and government programs.
- The former Governor seeks to lower the corporate income tax to 25% from 35% to encourage companies to keep operations within the U.S. and to bolster the economy.
- Romney believes that taking advantage of our own natural resources will lead to energy independence and job growth.
How do you feel about the candidates’ views on employment? What do you see for the construction industry in the future?