Monday, December 29, 2003

Dean Wants $100B for New Jobs in Cities

Democratic presidential candidate Howard Dean wants to improve the nation's cities by putting $100 billion toward creating a million jobs, increasing the federal minimum wage to $7 an hour, and providing credit for urban businesses.

Dean said he also wants to protect worker overtime pay and create a Small Business Capital Corporation to invest $1 billion in new loans aimed at creating 100,000 new small-business jobs in the first three years.

His plan would set up a national fund to provide a permanent source of funding to build, rehabilitate and preserve affordable housing for low- and moderate-income families, and double the amount for the Community Development Block Grant program to $10 billion.

Other Democratic presidential candidates have promoted [very similar] policies for strengthening cities and regaining lost jobs.

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