Recovery Act Progress
It has now been over a year since we took sweeping action to recover our economy. The Recovery Act has assisted in growing 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 businesses; loaned nearly $20 billion to small businesses to expand and create jobs; funded more than 12,500 transportation projects; and helped to keep over 300,000 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, 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 more work to be done to fully recover our economy, it would be a lot worse had we not passed the Recovery Act.