Cardin Praises Senate Passage of the American Recovery and Reinvestment Act

Statement

Cardin Praises Senate Passage of the American Recovery and Reinvestment Act

The bill we passed in the Senate today is a victory for all Americans. I am very pleased that we were able to move forward on legislation that gives President Obama the tools he needs to deal with our severe economic times. We've provided a balance of tax cuts and spending programs that will help jumpstart our economy.

The bill passed by the Senate is timely. It will create jobs immediately in Maryland and across the country, helping our states and local communities by providing funding for ready-to-go projects, such as fixing crumbling roads and bridges. This bill is targeted. It puts money back in the pockets of Americans who are most likely to spend it, injecting needed capital into our economy. It helps people stay in their homes, keep their jobs, and take care of their families. It also invests in modernizing our rail and mass transit systems and allocates new funds for education, alternative energy, and health care technology, all of which will help create and save quality jobs in the short-term, but also will save us billions of dollars in the future through lower energy usage, lower health care costs, and a better trained workforce.