WASHINGTON, D.C. – Today, Congresswoman Carol Shea-Porter voted in favor of the American Recovery and Reinvestment Act. This bill will provide significant relief to New Hampshire families and will help our nation’s struggling economy. The bill will now go to the Senate for a final vote.
“While this is not a perfect bill, it is a necessary bill,” said Congresswoman Shea-Porter. “I agree with President Obama that we must not let the perfect be the enemy of the good. Our nation is facing the most severe economic crisis since the Great Depression, and it is critical that we act now. This bill will create and protect jobs, build and repair local infrastructure, and provide tax relief to New Hampshire workers and families.”
The American Economic Recovery and Reinvestment Plan will:
· create and save 3 to 4 million jobs;
· give 95% of working Americans an immediate tax cut;
· make immediate investments to get the economy moving again—75% of the package will be paid out in the first 18 months;
· double our nation’s renewable energy production;
· help rebuild our crumbling roads, bridges, and schools, and bring high-speed Internet to every community;
· invest in research and development to preserve America’s role as a world leader in a competitive global economy;
· protect vital services like law enforcement, education, health care, and nutrition assistance for families who now find they are struggling to make ends meet, and
· help those most harmed by the economic crisis, by extending unemployment benefits, increasing food stamp benefits, and making it easier for those who lose their jobs to keep their health insurance.
The American Recovery and Reinvestment Act provides strong oversight, an historic degree of public transparency, and includes no earmarks. The Recovery package will also save or create an estimated 16,000 jobs in New Hampshire by the end of 2010.