17,394
edits
Changes
Jump to navigation
Jump to search
Line 38:
Line 38: + + +
American Recovery and Reinvestment Act of 2009 (view source)
Revision as of 21:50, March 20, 2009
, 21:50, March 20, 2009→Support from state governors: opposition
Most Republican governors have broken with their GOP colleagues in Congress and are pushing for aid that would send billions to states for education, public works and health care. Since their state treasuries drained by the financial crisis, governors would welcome the money from Capitol Hill, where GOP lawmakers are more skeptical of Obama's spending priorities. The bipartisan National Governors Association called on Congress to quickly pass the plan, saying:
Most Republican governors have broken with their GOP colleagues in Congress and are pushing for aid that would send billions to states for education, public works and health care. Since their state treasuries drained by the financial crisis, governors would welcome the money from Capitol Hill, where GOP lawmakers are more skeptical of Obama's spending priorities. The bipartisan National Governors Association called on Congress to quickly pass the plan, saying:
:"States are facing fiscal conditions not seen since the Great Depression — anticipated budget shortfalls are expected in excess of $200 billion. Governors support several key elements of the bill critical to states-increased federal support for Medicaid and K-12 and higher education; investment in the nation's infrastructure; and tax provisions to spur investment."<ref>Beth Fouhy, "GOP governors press Congress to pass stimulus bill," [http://news.yahoo.com/s/ap/20090201/ap_on_re_us/stimulus_gop_governors_6 Associated Press Feb. 1, 2009] </ref>
:"States are facing fiscal conditions not seen since the Great Depression — anticipated budget shortfalls are expected in excess of $200 billion. Governors support several key elements of the bill critical to states-increased federal support for Medicaid and K-12 and higher education; investment in the nation's infrastructure; and tax provisions to spur investment."<ref>Beth Fouhy, "GOP governors press Congress to pass stimulus bill," [http://news.yahoo.com/s/ap/20090201/ap_on_re_us/stimulus_gop_governors_6 Associated Press Feb. 1, 2009] </ref>
Several of the most conservative Republican governors have rejected one part of the stimulus, which increases amounts for unemployment insurance because it expands the coverage of the program and would be hard politically to reverse when recovery comes.
==Tax rebates==
==Tax rebates==
The 2009 bill includes tax rebates that resemble in part the $152 billion stimulus law proposed by President [[George W. Bush]] and passed by Congress in Feb. 2008. However those 2008 rebates were mostly (85%) saved and used to pay down debts rather then make new purchases, so they may have failed to stimulate the economy in 2008. <ref>see [http://www.reuters.com/article/newsOne/idUSN0631744820080208 Reuters, Feb. 8, 2008]</ref>
The 2009 bill includes tax rebates that resemble in part the $152 billion stimulus law proposed by President [[George W. Bush]] and passed by Congress in Feb. 2008. However those 2008 rebates were mostly (85%) saved and used to pay down debts rather then make new purchases, so they may have failed to stimulate the economy in 2008. <ref>see [http://www.reuters.com/article/newsOne/idUSN0631744820080208 Reuters, Feb. 8, 2008]</ref>