Congressman Thompson Votes to Pass the American Recovery and Reinvestment Act
Today, U.S. Rep. Bennie G. Thompson (MS-02), made the following statement regarding his vote for H.R. 1, the American Recovery and Reinvestment Act (Stimulus Package), to create good-paying jobs; make investments in America's future; and cut taxes for working families.
"This stimulus package is a first step towards addressing our national economic woes and in Mississippi, an unemployment that has climbed to more than 8 percent. This bill is specifically designed to help workers train and find jobs, and help struggling families make ends meet. Like any bill, it is imperfect - but it is desperately needed to pull America out of this recession.
The stimulus effort will make large investments to repair and modernize thousands of miles of roadways in Mississippi, and invest in water infrastructure. For Mississippi, this will provide $415,257,720 to invest in these key infrastructure projects that are ready to go and will begin to create jobs for Mississippians right away.
As a down-payment on permanent middle-class tax cuts promised by President Obama, the plan includes tax cuts that will jumpstart the economy by returning money to the hands of 95% of American workers, including 1,000,000 families in Mississippi with the "Making Work Pay" Tax Credit. Expanding the Child Tax Credit will help the families of 210,000 children in Mississippi.
In Mississippi, the Stimulus Bill means $637,062,000 to prevent teacher layoffs and other cutbacks and $248,665,000 to modernize our schools and colleges, which will create good- paying jobs.
It will take time to turn this economy around, but we are confident that if Americans work together, we can overcome the economic crisis, just as we have tackled other great challenges in our nation's past."