Today, the House of Representatives will vote on the American Recovery and Reinvestment Act, a bill designed to help put money in the hands of working Americans to get our economy back on track.
As promised, President Obama said restoring prosperity and faith in financial institutions was his top priority. Together with bi-partisan leaders in Congress, the President has created a plan designed to provide more than stimulus; rather, we will invest in short-term needs to further long-term goals.
This bill has huge implications for young people. From unemployment insurance to higher education tax credits to investing in renewable energy, the American Recovery and Reinvestment Act is designed to safeguard our economic future.
The cost of doing too little outweighs the extraordinary cost of getting us out of this economic crisis. Congress must act now to pass this important legislation and get our economy moving again. Urge your Member of Congress to ACT NOW to pass this critical legislation.
The American Recovery and Reinvestment Act includes key provisions around higher education, including the new American Opportunity Tax Credit, which offers a tax credit of up to $2,500 for the cost of tuition and related expenses, increases the Pell grant maximum by $500 to $4,860 for the 2009-2010 academic year, and increases federal work-study funding. It will also invest in critical infrastructure such as investments in shovel-ready roadways and bridges projects, science and IT, technology in the health care industry to lower costs, and modernizing schools. The bill also provides for extensive investment in energy efficiency to modernize our electric grid, create green jobs, and provide tax credits for families and companies that use alternative energy. In addition to other key provisions, the legislation also provides tax credits for the middle class — another campaign promise — to provide relief for working families, small businesses, the unemployed, and others hit hardest by the economic crisis.
The bill has unprecedented levels of accountability and transparency to bring “sunshine” to our legislative process and help restore confidence on our government and financial institutions.
As young Americans and Young Democrats we must ACT NOW to urge our Members of Congress to work for our best interest in restoring America’s prosperity. This important legislation cannot wait. And our economic future is too important to be yet another political football. We urge bi-partisan support for this crucial bill.
We look forward to keeping you updated on the progress of the American Recovery and Reinvestment Act as the legislation progresses through Congress. Please help us broaden our impact by forwarding this email to five friends today!
Young Democrats of America