[Excerpt] On behalf of the AFL-CIO, I am writing to urge you to vote against the "Cut, Cap and Balance Act" of 2011 (H.R. 2560), Despite a continuing jobs crisis and an unemployment rate of 9.2 percent, H.R. 2560 would require spending cuts of $111 billion in FY 2012, which the non-partisan Center on Budget and Policy Priorities estimates would cost roughly 700,000 jobs.