Mr. GENE GREEN of Texas. Madam Speaker and Members, jobs are the issue, and the American Jobs Act is the solution that this House should consider on the floor immediately. This bill will help reverse the flow of jobs overseas and will help rebuild the manufacturing base in America, providing good jobs for hardworking Americans.
Make It In America creates jobs in America. This bill builds America. The long-term FAA reauthorization will create 150,000 jobs, and reauthorizing the surface transportation bill will support 134,000 projects around the country, 5,000 mass transit projects, and nearly 1 million jobs over the next year. The national infrastructure bank proposal would combine public and private resources to build, rebuild, and repair the country's key infrastructure.
This bill also helps create jobs through the Tax Code. The proposal cuts the payroll tax in half for 98 percent of businesses on their first $5 million in payroll; it offers a $4,000 tax credit to employers for hiring long-term unemployed workers--get them on the tax rolls and not on the unemployment rolls--and it starts a ``Returning Heroes'' hiring tax credit, between $5,600 and $9,600 for firms that hire unemployed veterans.
We have the responsibility to help our country climb out of this tough economy, and this bill is a proposal that deserves bipartisan support to help accomplish that.