President Obama struck a very populist tone in his State of the Union address last night. It shouldn’t have been a surprise to anyone, because campaign season will be on us before you know it. Some of you may think that November is a long way away, but not for those heavily involved in this upcoming presidential race.
I’m a 26 year old man, who is now thankfully employed. I decided to write this article in order to inform younger people such as myself about what President Obama proposes to do as it pertains to our generation. The President gave a masterful speech last night from start to finish, but what may be on the horizon as far as legislation/action for our generation is of the most importance.
President Obama proposed additional tax credits for companies that choose to stay in America, and hire workers. This is very important, because our current tax code actually rewards some companies for shipping jobs overseas. This must end, and cannot be ignored any longer. He also proposed to double the deductions that high tech manufacturers receive for hiring more American workers. Some U.S. companies are starting to take heed, as President Obama noted:
The CEO of Masterlock says that it now makes more sense for him to bring his jobs back to America.
With the unemployment rate at 8.9% for recent college grads, and 85% of recent grads stating that they (Erica Ho, Time Magazine,May 2011)will move back home with parents, things seem bleak. This is why these jobs creation proposals are very important to pay attention to.
With the rising cost of private and public 4 year colleges and universities, it is becoming increasingly difficult for kids to finance their education. This is where community colleges come in. Many states have excellent community colleges, that offer a sound education at a fraction of the cost of a 4 year institution. President Obama proposed a national commitment to train 2 million Americans with the skills that will lead directly to a job. He also proposed to give community colleges the funding and resources they need to prepare this generation for the jobs of tomorrow. He wants to,”turn our unemployment system into a re-employment system that puts people to work”.
Schools, Student Loans, and more
Fixing our crumbling schools has always been a priority of the Democratic Party, and President Obama emphasized his support of such initiatives. Giving schools the flexibility to teach with passion and creativity, and not just to a test are a few points he discussed in his speech. He also asked that every state move to require kids to stay in school until they were 18, or they graduated.
As far as college students and recent college grads are concerned, President Obama proposed some things that may go a long way in assisting them. He proposed a cap to prevent interest rates from doubling in July. Extending the tuition tax credit along with doubling the number of work study jobs in the next 5 years was stated as a goal by the President. His position on fighting for students and the young has never wavered.
What do the Republicans offer for our generation????Nothing.