Today, I rise in strong support of the American Jobs, Closing Tax Loopholes and Preventing Outsourcing Act. We cannot afford to ignore the job crisis any longer. I believe today's legislation will help Americans struggling with this recession by funding summer jobs programs, assisting the unemployed, extending transportation funding, bringing justice to black farmers and closing tax loopholes for Wall Street managers. Additionally, it includes critical measures to address and prevent federal disasters, including the devastating oil spill in the Gulf and coal mining accidents. Today's legislation would offer support to those who are most in need by extending unemployment benefits such as unemployment compensation through November 2010. Moreover, the bill extends the Emergency Contingency Fund which provides funds to states to help for Temporary Assistance for Needy Families (TANF), aid to needy families, subsidized employment programs. The American Jobs Act will stop the 21 percent reduction in Medicare reimbursements that doctors were scheduled to see on June 1st 2010. This legislation would also address unemployment by allowing local Workforce Investment Boards to expand successful summer jobs programs which would provide over 300,000 jobs for those ages 14 to 24. It is important to give our youth the opportunity to gain essential skills in order to be competitive in our globalized economy.…
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I am pleased to yield 5 minutes to the gentlewoman from Texas (Ms. Jackson Lee), the ranking member on the prime subcommittee on the House Judiciary Committee.
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