Statement On President Obama's Deficit Reduction Plan

Press Release

Today, President Obama unveiled his plan to further reduce the nation's deficit in addition to the American Jobs Act. Some of the potential impact from the American Jobs Act on Hawai'i includes:

* 30,000 small businesses to receive a payroll tax cut
* $174.9 million for highway and transit modernization projects for about 2,300 local jobs
* $122.3 million to support 1,500 educator and first responder jobs
* $82.2 million to improve school infrastructure that will support 1,100 jobs
* 17,000 long-term unemployed workers to go back to work by reforming the unemployment insurance system

Lt. Gov. Brian Schatz, who is Acting Governor, today released the following statement:

"In Hawai'i, we share President Obama's approach in his plan to reduce the nation's deficit -- getting people back to work by creating jobs and investing in our priorities, like education and healthcare, all while living within our means. It is clear that we need to all work together and do our part now to grow a sustainable economy for future generations."

For more information on the American Jobs Act and the impact on Hawai'i, visit: http://www.whitehouse.gov/sites/default/files/THE_AMERICAN_JOBS_ACT_Impact_HI.pdf

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