One Year After Passage, Recovery Act (Stimulus) is Working

 <h4>Tax Cuts For 95% Of American Workers - More than 2 million jobs</h4>
 <p>Washington, DC)  --    One year after the passage of the American Recovery and Reinvestment   Act, commonly called the "stimulus," our efforts to create jobs and   rebuild the economy are working. Independent analysis shows Recovery Act   has saved and sustained more than 2 million jobs, cut taxes for 95% of   working Americans, offered tax cuts and loans to millions of small   businesses, extended unemployment and COBRA health benefits for those   looking for work, and started to lay a new foundation for our economy   with key investments in high speed rail, clean and efficient energy,   high-speed broadband and wireless communications, and electronic medical   records.</p><p>
      Eight years of mismanagement, lack of oversight,   failure to invest in American competitiveness, by President Bush and   Congressional Republicans led to the worst recession since the Great   Depression.</p><p>
      "This time last   year, our economy was losing more than 700,000 jobs a month, cutting   into Americans’ retirement savings, freezing lending to small   businesses, and hurting families working to make ends meet," said Rep.   Wasserman Schultz. "Since the passage of the American Recovery Act,   we’ve been able to save and create more than two million jobs in the   first year of a two-year effort and bring our economy back from the   brink.  We still have a long way to go to put more Americans back to   work, but we’re clearly moving in the right direction."</p><p>
      In   Florida, the Recovery Act has helped to create and sustain more than   112,000 jobs.  The Recovery Act was a combination of tax cuts,   job-creating projects, and aid to state and local governments to keep   teachers, firefighters, and police officers on the job. It has already   provided nearly $120 billion in tax relief for American families and   businesses, including the Making Work Pay Tax Credit for 260,000   middle-class families here in the 20th District of Florida and the   first-time homebuyers tax credit used by 132,700 households here in   Florida.  It has also supported nearly $20 billion in loans to more than   42,000 small businesses across the nation and provided $250 recovery   payments to seniors and disabled veterans here in Florida. </p><p>
      To   create construction jobs, the legislation has provided funding for   12,500 transportation projects across the country – 8,500 of which are   already underway, creating 7,100,000 jobs here in Florida and supported   more than 2,850 construction projects at more than 350 military   facilities. It continues to help create hundreds of thousands of jobs in   innovative technology sectors, with $8 billion to start building a   high-speed rail network, $7 billion to expand broadband internet across   the country, $3.4 billion for smart grid technology, and $2.4 billion to   develop clean, advanced vehicle technology. </p><p>
      Economists on both   side of the aisle credit the Recovery Act with slowing job losses and   keeping the economy from heading into a second Great Depression. And   while partisan opponents of this legislation criticize it on TV and   inside the Beltway, they attend ribbon cuttings back in their districts –   taking credit for Recovery Act projects and the jobs they create. </p><p>
      "Our economy is growing at the fastest rate   in six years, monthly job losses are 97% smaller than when President   Bush left office, and we’ve seen millions of jobs created and saved in   both the private and public sector," said Rep. Wasserman Schultz. "But   while our country is heading in the right direction, there are still too   many Floridians are still out of work and too many of our families are   struggling to make ends meet. That's why job creation remains my number   one priority and I will continue to do everything possible to make sure   that we rebuild our economy in a way that works for the middle class."</p><p>
      The   House has already passed the Jobs for Main Street Act to launch more   job-creating projects, help small business hire workers, increase   emergency aid for families struggling without a steady paycheck, and put   Americans back to work. </p>

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