[Congressional Record Volume 156, Number 26 (Friday, February 26, 2010)]
[House]
[Page H936]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
JOBS
(Mr. BACA asked and was given permission to address the House for 1
minute.)
Mr. BACA. Mr. Speaker, 1 year ago last week, the President signed the
Recovery Act, a comprehensive bill that reinvested in the American
workforce, an event that my colleagues on the other side have rallied
against since President Obama took office. The facts simply don't back
them up.
In the first quarter of 2009, our economy was losing 726,000 jobs a
month. And now, largely due to the Recovery Act, the number has been
reduced to 35,000 last quarter. The fact is, the CBO states that the
Recovery Act created 2.4 million jobs through the end of 2009.
The Recovery Act also provided $120 billion in tax cuts for 95
percent of working families. That's 95 percent of working families, and
that's a tax cut.
Going forward, we must continue to build off this momentum of the
Recovery Act. That includes passing meaningful job-creation legislation
that will help small businesses and reduce unemployment. It also
includes continuing focus on infrastructure projects and promoting
energy efficiency initiatives.
Finally, that means we must pass meaningful health care reform.
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