The American Recovery and Reinvestment Act clearly is sort of the jewel in the crown, the linchpin to the beginning of our economic recovery, and all the indicators demonstrate that. But it is sort of a 'but that's not all' type thing. We had the Recovery Act, which gave us a huge boost, but we also passed and continue to propose numerous pieces of legislation designed to focus on different aspects of the economy: small business, the energy sector, technology and innovation, making sure that we cover as many bases as we can, because we know that there are so many potential gaps in the economy and you don't want to leave anybody behind. So in addition to the Recovery Act, Madam Speaker, we also passed the Worker Home Ownership and Business Assistance Act, which was legislation that expanded that first-time homebuyer tax credit and gave people an opportunity to purchase a home when they had been unable to previously, provided that tax relief for small businesses.
Editor's note · Context
Wasserman Schultz discusses the impact of the American Recovery and Reinvestment Act and related legislation on economic recovery.
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