Acting U.S. Commerce Secretary Rebecca Blank Visits University of Colorado Anschutz Medical Campus to Highlight the American Jobs Act
Acting Secretary Rebecca Blank visited the University of Colorado Anschutz Medical Campus, which houses both the University of Colorado Hospital and Children’s Hospital Colorado, as well as the Schools of Medicine, Nursing, Dental Medicine, Pharmacy and Public Health accompanied by Governor John Hickenlooper. While at the Anschutz Medical Campus, she toured the facilities and observed some researchers working on their innovations in the medical field.
At Anschutz, Blank discussed details of President Obama’s American Jobs Act. Blank highlighted the different ways the plan could make an immediate impact on job creation: cutting taxes for small businesses, putting more money in the pockets of consumers through an expanded payroll tax cut, and preventing the layoffs of teachers, firefighters and policemen, while putting construction workers to work through much-needed renovations to school, roads, rail and airports renovations. Blank underlined the need for Congress to act quickly on the bipartisan measures in the Jobs Act.
The plan would:
- Slash the payroll tax in half for 98 percent of businesses, benefitting 130,000 Colorado companies;
- Allow localities to avoid laying off teachers, firefighters and cops – 7,000 in Colorado alone;
- Modernize at least 35,000 public schools, supporting renovations across the country and as many as 3,400 jobs in Colorado;
- Put the long-term unemployed – a group that totals 98,000 in Colorado – back to work by making the most innovative reforms to unemployment insurance in 40 years;
- Extend unemployment insurance, preventing 5 million Americans, including 33,700 in Colorado, from losing their benefits; and,
- Cut payroll taxes in half for 160 million workers next year, giving the typical Colorado family a $1,740 tax cut.