While many are quick to criticize the American Recovery and Reinvestment Act, the truth is that last month our economy created 162,000 jobs. But, of course, we have got a long way to go to get everyone back to work. Since tomorrow is Tax Day, I wanted my constituents to know one of the reasons our economy is getting stronger is record tax cuts in the stimulus for middle-class families. Ninety-five percent of workers are receiving the Making Work Pay tax credit of up to $400 per worker, $800 per family. Expansion of the child tax credit has helped families of more than 16 million children. Four million more students are attending college as a result of the new $2,500 tax credit; and tax credits and deductions are helping families stimulate the economy through purchases of homes, cars, trucks, and mobile homes. As families file their taxes and get their refunds, I want them to understand that these benefits didn't happen by accident. They were the result of a strategy that I supported and Democrats supported, cutting taxes for middle-class families.
Mark Schauer: “While many are quick to criticize the American Recovery and Reinvestment Act, the truth is that last month our economy…”
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Schauer discusses the positive impacts of the American Recovery and Reinvestment Act on job creation and tax benefits for families.
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