the economy is in crisis--my constituents in Southeastern Pennsylvania and I see it every day. Our families are struggling with lost income and lost health insurance--even as the demands on household budgets grow. Our businesses are struggling with lost consumers, increased costs, and difficulties in accessing capital. Our state, cities and towns are struggling with shrinking revenues in the face of increased demand for services, aging infrastructure and other obligations. Today we will take the action essential to provide relief, create jobs, and lay the groundwork for future economic growth. We will: cut taxes for 95% of American workers; reduce the cost of COBRA health coverage for the unemployed; improve access to capital and stimulate growth; repair infrastructure; invest in new energy sources and energy efficiencies; and drive the innovation that will keep America competitive in the global market place. I am particularly proud of the major new investment in health information technology that will lead to near universal use of electronic medical records within 10 years--improving the quality and coordination of care, saving lives, and saving costs for patients, employers, and taxpayers. This recovery package is a smart, timely investment to meet today's challenges and fulfill America's promise.
Editor's note · Context
Addressing the economic crisis and the need for a recovery package.
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