On the recordJune 24, 2010
Madam President, let us remember what this bill is all about. This bill will help American families face this great recession. This bill works to strengthen our economy and put Americans back to work. This bill would create jobs. That is what people want. It would cut taxes for businesses. That is what people want. It would facilitate small business loans. It would foster investment in highways and other infrastructure. This bill would cut taxes for families paying for college. It would cut taxes for teachers. It would cut taxes for Americans paying property taxes and sales taxes. It would extend unemployment insurance, health care tax credits, housing assistance for people who have lost their jobs. It would help States cover the cost of low-income health care programs. This week, 900,000 out-of-work Americans have stopped receiving unemployment insurance benefits. Why? Because Congress has failed to enact this bill. This has been a difficult fight, but it does not have to be difficult. In previous recessions, in previous Congresses, it was not this hard. But for months now, we have addressed Senators' concerns. Senators expressed concern about the size of the bill. So we cut the total size from $200 billion, then down to $140 billion, then down to $118 billion, now less than $110 billion. We cut spending on health care benefits to unemployed workers under COBRA. We cut spending on the $25 bonus payments to recipients of unemployment insurance.…





