Patrick Murphy Champions Bold Action to Help Families, Right Our Economic Course
With more bad economic news coming every day, Congressman Patrick Murphy (D-8th District) said again today that we need to act urgently on behalf of Pennsylvania families. Touting the many ways that the upcoming American Recovery and Reinvestment Plan will benefit Pennsylvania, Rep. Murphy said he would support the measure in Congress. He will support the measure because it will create jobs, cut taxes for businesses, improve education, health care and encourage growth in the green technology sector. Citing dire economic straits and urgent need, the plan lays out swift and bold steps to save or create up to 4 million jobs, provide tax relief to 95 percent of American workers, strengthen schools and make it easier for families to buy a home. In the last year, the United States has lost more than 2.6 million jobs, hundreds of thousands of families have lost their homes and the savings and retirements of millions are at great risk. The American Recovery and Reinvestment Plan will provide immediate and direct tax relief to 95% of working families, help small businesses create jobs and modernize the Pennsylvania infrastructure through roads, bridges, schools and broadband. The plan will also invest in 21st century energy, health care and local law enforcement.
"This urgent action will create and save thousands of Pennsylvania jobs, help businesses and prepare our students, families and workers for the future," said Congressman Patrick Murphy. "This comprehensive legislation won't solve all our challenges right away, but if we work together and work quickly, we will get through this dark period and emerge even stronger than before."
Job Creation: The recovery package is the first crucial step in a concerted effort to create and save 3 to 4 million jobs, jumpstart our economy, and transform it for the 21st century.
Tax Cuts to Make Work Pay and Create Jobs: We will provide direct tax relief to 95 percent of American workers, as President-elect Obama pledged, and spur investment and job growth for American businesses.
* $275 billion in tax cuts for individuals and job-creating businesses.
Help Workers Hurt by the Economy: High unemployment and rising costs have outpaced Americans' paychecks. We will help workers train and find jobs, and help struggling families make ends meet.
* $100 billion in extended unemployment benefits, temporarily increased food stamp benefits, and health insurance subsidies for workers who have lost their jobs.
Unprecedented Accountability: An historic level of transparency, oversight and accountability will help guarantee taxpayer dollars are spent wisely and ensure that Americans can see the results of their investment.
* No earmarks.
* In many cases, funds are distributed to existing initiatives with proven track records and with tough accountability measures already in place.
* Website to track how funds are spent, all announcements of contract and grant competitions and awards, and formula grant allocations.
Clean, Efficient, American Energy: To put people back to work today and reduce our dependence on foreign oil tomorrow, we will increase renewable energy production and renovate public buildings to make them more energy efficient.
* More than $20 billion in tax cuts for clean, renewable energy, including a new enhanced tax credit for research and development focusing on smart energy conservation, energy efficiency, and renewable energy, and a multi-year extension of the production tax credit for wind, hydro, geothermal, and bioenergy.
* These provisions would create nearly 500,000 American jobs skilled in the technologies of tomorrow.
Education for the 21st Century: We will enable students of all ages to learn in 21st century classrooms, labs, and libraries to help our students compete with any worker in the world.
* $20 billion for school modernization, including $14 billion for K-12 and $6 billion for higher education to create hundreds of thousands of jobs through modernization and upgrade of school and college buildings.
* Making college more affordable through tax credits for college tuition for up to $2,500 per year of school and increasing the Pell Grant by $500.
Lower Health Care Costs: To save not only jobs, but money and lives, we will update and computerize our health care system to cut red tape, prevent medical mistakes, and help reduce health care costs by billions of dollars each year.
* $20 billion for health information technology to create hundreds of thousands of new jobs by updating and computerizing our health care system. This will cut red tape, prevent medical mistakes, and help reduce health care costs by billions of dollars each year.
Transform our Economy with Science and Technology: To secure America's role as a world leader in a competitive global economy, we are renewing America's investments in basic research and development, in training students for an innovation economy, and in deploying new technologies into the marketplace. This will help businesses in every community succeed in a global economy.
* $10 billion for science facilities, research, and instrumentation - to focus American brainpower on solving the energy and climate challenges and finding cures and treatments for diseases.
* $6 billion to expand broadband internet access.
Modernize Roads, Bridges, Transit and Waterways: To build a 21st century economy, we must create jobs rebuilding our crumbling roads, and bridges, modernize public buildings, and put people to work cleaning our air, water and land. These provisions in total would create nearly 1.8 million American jobs
* Creates more than 800,000 jobs through investment in transportation, with $30 billion for highway construction.
* $19 billion to create jobs on clean water, flood control, and environmental restoration initiatives.
Protect Vital Services: We will provide relief to states, so that they can continue to employ teachers, firefighters and police and provide vital services without having to unnecessarily raise middle class taxes.
* $160 billion in aid to states in danger of cutting vital services.
* $4 billion for state and local law enforcement funding.