The Way Out - Creating Jobs
The American Recovery and Reinvestment Act (HR 1) will help avoid more layoffs of teachers. It will create jobs in water recycling to help with California’s drought. It will help families running out of unemployment benefits or food stamps. And it will helps California continue to provide health care to low income families. It will help modernize local public schools, improve health care technology to cut costs, and will help young people stay in college, which they desperately need to do tobe able to succeed in our economy.
This economic recovery plan will save and create jobs, get our economy moving again, and transform it for long-term growth and stability. HR 1 will:
-- Create or save 3.5 million jobs
-- Immediately cut taxes for 95% of American workers
-- Begin an historic transformation of our economy, making us more globally competitive and energy independent for the 21st century, investing in world-class education
-- Make unprecedented investments in our infrastructure to modernize our roads, bridges and mass transit, build energy efficient buildings and tackle clean water projects
-- Restore science and innovation as the keys to new American-made technology, preventing and treating disease and tackling urgent national challenges like climate change
-- Modernize our health care system to lower costs and save lives
-- Provide unprecedented accountability and transparency to help ensure tax dollars are spent wisely and restore the American people’s confidence
But make no mistake about it – the recovery plan alone is not a silver bullet for our serious economic problems. Unemployment will continue to rise, no matter what plans are enacted. That’s the nature of recessions.
With this plan, fewer people will lose their jobs, and more people will have job opportunities as we come out of the recession.
This recovery plan is essential. But it must be viewed along with the two other pillars of our economic rescue efforts – a plan to help homeowners, and a plan to thaw the frozen credit markets so that small businesses and consumers can have access to credit that is essential to a healthy economy.
Detailed summary of the American Recovery and Reinvestment Act.
Posted by Peake, Amy at 09:48PM | | Comments ()
