House Appropriations Chairman introduces stimulus bill
Today, Congressman Dave Obey (D, WI-7) unveiled details of the "American Recovery and Reinvestment Bill of 2009", an $825B stimulus package which is intended to help stabilize the economy and restore public confidence.
"The economy is in a crisis not seen since the Great Depression. Credit is frozen, consumer purchasing power is in decline, in the last four months the country has lost 2 million jobs and we are expected to lose another 3 to 5 million in the next year,'" Obey noted. The Chairman added that Congress will be considering the bill in the next two weeks, which includes $275 billion in tax cuts and $550 billion in infrastructure and other investments.
Following are the highlights of the bill:
- Clean, Efficient, American Energy
- Transforming our Economy with Science and Technology, including expanding Broadband Infrastructure for rural and underserved communities
- Modernizing Roads, Bridges, Transit and Waterways
- Education for the 21st Century
- Tax Cuts to Make Work Pay and Create Jobs
- Lowering Healthcare Costs
- Helping Workers Hurt by the Economy
- Saving Public Sector Jobs and Protect Vital Services
Funding is proposed for the U.S. Army Corps of Engineers. $2B has been included for Corps construction projects, and $2.225B has been included for operations & maintenance. Additionally, $25M has been added for Corps regulatory activities. A total of $4.5B has been included for the Corps of Engineers.
PNWA's membership strongly supports this proposed increase for Corps, given the significant underfunding of federal navigation projects nationwide and here in the Northwest. We look forward to quick action in the House and Senate to move a package, so that the President may sign this much-needed stimulus into law in the next month.
|