Contributions Of The Recovery Act

Floor Speech

Mr. SIRES. Madam Speaker, it has been now over a year since we took sweeping action to recover our economy. The Recovery Act has consistently grown our economy by creating or saving more than 2 million jobs, giving 95 percent of American workers a tax cut and beginning to rebuild our crumbling infrastructure, all while making investments in a clean energy future and working to improve our Nation's health care.

In the past year, the Recovery Act has provided $120 billion in tax cuts for working families and business, loaned nearly $20 billion to small businesses to expand and create jobs, founded more than 12,500 transportation projects, and helped keep over 300 educators on the job. The Recovery Act has also put us on a path towards a green economy through investments in green job training programs. Furthermore, the Recovery money has funded the creation and expansion of community health centers all over the country as well as increased investment in health information technology.

Madam Speaker, while there is still much to be done to fully recover our economy, it would be a lot worse had we not passed the Recovery Act.

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