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Stabenow: Economic Recovery
Will Create Over 100,000 Michigan Jobs
Excerpted from
information provided by the Office of U.S. Senator Debbie Stabenow
Bottom line—this economic recovery package is about creating millions of
good-paying jobs and putting money into the pockets of working families
right away.
The American Recovery and Reinvestment Act of 2009 will create up to 3.5
million American jobs by making sweeping investments in rebuilding our
country, providing tax relief, and promoting alternative energy and green
manufacturing. The package provides critical support for families,
businesses and communities during this economic crisis.
The recovery package is estimated to create over 100,000 Michigan jobs and
put up to $800 in the pockets of over 3.9 million Michigan workers and their
families through the Making Work Pay tax credit.
Other important highlights for Michigan include:
- Creating jobs by rebuilding Michigan’s roads, bridges, harbors,
water systems and international borders. This bill provides Michigan
with over $847 million to maintain and improve state highways, as well
as over $134 million to invest in public transportation.
- Investing in Michigan’s auto industry by providing incentives for
advanced battery technologies. The package includes a new tax deduction
so consumers can deduct state and local sales tax for the purchase of
new autos, expansion of a $7,500 consumer tax credit for hybrid
vehicles, and the elimination of a $7-$10 billion tax liability for
General Motors.
- Monetizing previous tax credits and creating new incentives to
supply needed capital for manufacturers. The extension of the Stabenow
AMT/R&D Tax Credits will help our manufacturers modernize their
facilities. The creation of a new Advanced Energy Manufacturing tax
credit will help manufacturers build new facilities to manufacture
renewable energy products.
- Helping families affected by this economic crisis including a
33-week extension of unemployment benefits for an additional 162,000
laid-off Michigan workers, expansion of COBRA healthcare coverage for
the unemployed, an $8000 tax credit for first time homebuyers, and tax
cuts for working families.
- Increasing job training resources to transition to the new economy
and expanding Trade Adjustment Assistance to provide job training and
benefits to more workers who lost their jobs due to unfair trade
policies.
- Investing in health information technology systems modeled after the
Stabenow-Snowe Health Information Technology legislation that cuts
health care costs and improves the quality of health care to all
families.
Debbie Stabenow serves on the following U.S. Senate committees:
Committee on Finance, Committee on Energy and Natural Resources, Committee
on Agriculture, Nutrition, and Forestry, Committee on the Budget, and the
Democratic Steering and Outreach Committee.
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March/April 2009
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