numerous economists have indicated, including Mark Zandi, who was, of course, one of the principal advisers to John McCain when he ran for President, Chairman Bernanke, chairman of the Federal Reserve, Goldman Sachs, Moody's, and others, that the just rejected H.R. 1, if adopted, would lead to the loss of hundreds of thousands of jobs, in one analyst's point of view, over 800,000 jobs. In fact, of course, three Republicans voted against H.R. 1 in the Senate, and one of those who voted for H.R. 1 in the Senate said this, Mr. Speaker: Let me be clear that I strongly oppose some of the proposed cuts in the House-passed bill--that was H.R. 1--particularly the drastic cuts that would disproportionately affect low-income families and seniors. Making such deep and immediate cuts to critical low-income heating assistance, weatherization, and Head Start programs in the middle of the fiscal year would cause serious problems for those who rely on these programs.
On the recordMarch 11, 2011
Editor's note · Context
Hoyer discusses the economic impact of H.R. 1 and its effects on low-income families and job loss.
Share
More from Steny Hoyer
Aug 15, 2026
this month’s job report is another reminder that, while this President keeps trying to change the subject, the numbers tell the same devastating story.
Aug 11, 2026
Democracy is presently under threat from despotism, and Congress must act to defend democracy and help Ukraine defeat Vladimir Putin’s effort to extinguish its liberty and sovereignty.
Jul 23, 2026
Hardworking civilian federal employees at the Defense Department are no less deserving of an annual raise than their compatriots in uniform.
Jul 21, 2026
From day one, Team Maryland has worked together closely to ensure that the Key Bridge is rebuilt as safely, quickly, and cost-effectively as possible.





