Thursday, December 17, 2009
Does Dr. NO Have a Jobs Plan?
Last night, the U.S. House of Representatives passed the Jobs for Main Street Act (H.R. 2847), which appropriates $154 billion to create and save jobs. No new revenue or deficit spending required, because it’s totally paid for with leftover bank bailout funds. It actually cuts taxes for 16 million families through the Child Tax Credit.
The legislation provides funding for highway and local mass transit projects, construction and repairing schools and low-income housing, and jobs for teachers, police and firefighters. It provides job training programs and extends recovery act initiatives to help small businesses create jobs. There are also provisions for lifeline unemployment and health care and food aid to those who have lost their jobs during this recession.
The vote was 217-212. Congressman John Boozman voted against it. We are still waiting for Nero's plan to rescue the economy and put people back to work.