Creating Jobs & Growing the Economy

Click here to download the full version of Alan's economic plan in PDF format.

As a U.S. Senator, Alan’s number one priority will be to create good paying jobs for the people of Massachusetts and America. With unemployment rates in double digits, the families and businesses of our Commonwealth are hurting. We need bold action and we need it now. Alan is the only candidate for U.S. Senate who has called for a second stimulus focused entirely on increasing consumer spending and creating jobs.

A Summary of Alan's 6 Part Plan

1. Stabilize the Housing Market

Keep Americans in their homes by giving courts the ability to align homeowners’ mortgages with their property values.
Create a Home Price Insurance Program to bring buyers back to the market.
Restoring home values will give consumers confidence to spend again.

2. Reward Job Creation with a New Jobs Tax Credit

Establish a Job Creation Tax Credit.
Refund 15% of additions to payroll in 2010 and 10% in 2011.
EPI economists estimate this would create between 3.0 and 5.1 million jobs.

3. Increase Access to Capital, Tax Benefits & Support for Small Business

Increase the Job Creation Tax Credit for small businesses to 15% for both years.
Create a $5 billion loan fund for small businesses.
Extend the temporary doubling of expense write offs and accelerated depreciation.
Establish a federal commission to support and invest in women- and-minority owned businesses.

4. Grow Nonprofit Job Opportunities & Support Social Entrepreneurs

Fund the Edward M. Kennedy Serve America Act to add 175,000 AmeriCorps members.
Create a $5 billion nonprofit loan fund to increase jobs and employment opportunities for low income Americans.
Fully fund the White House Social Innovation Fund.

5. Create Jobs by Investing in Clean Energy & Energy Efficiency

Pass clean energy legislation to create up to 1.9 million jobs.
Establish the Clean Energy Institute and quadruple the U.S. investment in clean energy research to $20 billion.
Support the Home Star program to provide consumer rebates for home energy efficiency projects and invest to develop a Home Star Certified Energy Efficiency workforce, creating 500,000 jobs.
Establish efficiency standards for buildings.

6. Protect & Grow Jobs in Our Cities & Towns

Provide $25 billion in aid to our cities and towns to avoid layoffs and cutbacks in schools, police and fire departments, saving over 600,000 jobs.
Develop a Solar on Schools Program to finance solar power for schools and public buildings, create over 250,000 jobs and lower energy costs for cities and towns.