U.S. Rep. Ron Kind (D-WI) will return to Washington tomorrow to participate in a House Ways and Means Committee hearing on the best ways to turn the economy around. The hearing will focus on the challenges facing American families and State and local governments during the economic downturn and solutions to improve economic security and create new jobs. The hearing will take place tomorrow, Wednesday, October 29, 2008, beginning at 10:00 a.m. EDT/9:00 a.m. CDT. The hearing will be broadcast live by C-SPAN and C-SPAN radio.
"Families are struggling in western Wisconsin and across the country," Rep. Kind said. "The country lost 760,000 jobs in 2008. We have got to get this economy turned around, and we can't wait until next year to start. That's why I'm returning to Washington to participate in this hearing, which will lay the groundwork for further congressional action to stabilize and stimulate the economy, invest in infrastructure, and put people back to work."
High unemployment, the housing crisis, a lack of confidence in the markets, and the rising cost of health care, food, tuition, and energy, have put many American families in an insecure and untenable financial situation. State and local governments are struggling as well with record budget shortfalls and growing inability to borrow money for key infrastructure investments that create jobs.
Key reforms and investments by Congress can help turn this situation around, and the Committee will be hearing from a number of witnesses about different proposed strategies to grow our economy and create jobs. The Committee will hear from several governors and mayors about the challenges they face and the incentives that have worked for their local economies, as well as from economic, budget, and financial services experts, labor leaders, and transportation officials.