USAction has 
endorsed Rep. Jan Schakowsky’s proposal to create more than two million jobs and noted that the measure can be fully paid for by creating higher tax brackets for millionaires and billionaires, eliminating subsidies for oil companies and ending tax loopholes for corporations that ship American jobs overseas.
The “Emergency Jobs to Restore the American Dream Act,” sponsored by the Illinois Democrat, would create more than two million jobs during the next two fiscal years. Jobs would be created in the areas of education, health care, infrastructure and a “Neighborhood Heroes Corps,” which would promote hiring of teachers, police officers and firefighters. In addition, it would create jobs for youth and college students in a Park Improvement Corps and a Student Jobs Corps.
“We built the middle class by decisions we made together, as Americans,” said Alan Charney, USAction director of strategy and policy. “But today, working and middle-class families are struggling, while the rich get richer and at the expense of the rest of us. It’s up to us to fight for good jobs, strong communities and shared prosperity. Congresswoman Schakowsky’s bill will put America back to work.”
Charney noted that the Emergency Jobs legislation not only targets unemployed Americans, but particularly those who have exhausted their unemployment insurance – the so-called “99ers.”
The Schakowsky plan is based on five key elements:
1) Increased economic stimulus to spur growth in the immediate term
2) Smart, targeted spending cuts
3) Mandatory spending cuts
4) Reductions in tax expenditures
5) Increases in revenues
Click here for a more in depth explanation of the bill.