Economic Recovery and Reinvestment

New Yorkers need jobs, better wages, and a sense of optimism for our future.  While our economy is emerging from the worst downturn since the Great Depression, many New York families are still struggling.  Businesses are starting to hire, but the pace of recovery must quicken.

Our federal government can play a key role in fostering economic growth and working with businesses to facilitate job creation.  Congresswoman Lowey is working to continue our economic recovery through:

  • Investments in our roads, bridges, broadband lines, power grids, and other critical infrastructure to create jobs and build for the future;
     
  • Meaningful tax relief for hard-working families; and
     
  • Resources to help local businesses create innovative products and services, grow, and hire.

Investing in Our Future

Investing in roads, bridges, broadband lines, water and sewage treatment facilities, and power grids is critical to creating jobs as well as repairing aging infrastructure networks.  That is why Congresswoman Lowey:

  • Supports creating a National Infrastructure Bank, which would provide loans and bonds to finance the rehabilitation and rebuilding of critical infrastructure assets;
     
  • Helped secure federal funding to widen and repair local roads and highways like Short Clove Road in Haverstraw and the Route 120 Bridge in Chappaqua; and
     
  • Helped secure federal funding to construct and consolidate the fresh water supply for the Villages of Briarcliff Manor, Tarrytown, and Sleepy Hollow, and to upgrade water treatment facilities in Mamaroneck and New Rochelle.

Tax Relief

Extending the payroll tax cut through 2012 will save hard-working families in our area nearly $1,700 this year.  This tax holiday will help continue our 23 straight months of private sector job growth by putting more money in American families’ pockets, creating more demand for American goods and services. 

Congresswoman Lowey also supports:

  • Making the income tax cuts enacted in 2001 and 2003, and extended in 2010, permanent for  middle-class families;
     
  • Providing the same transit tax benefit to commuters who use mass transit as those who drive to work; and
     
  • Eliminating permanently the Alternative Minimum Tax (AMT), which was originally conceived to ensure the wealthiest pay their fair share but affects more middle-class families every year.

Helping Small Businesses

Congresswoman Lowey believes small businesses are the lifeblood of our local and national economy, and has an agenda to help ensure they are able to continue creating innovative products and services, expand, and hire.

To learn more about Congresswoman Lowey’s small business agenda, please click here (link to small biz page).

Helping Veterans Find Good Jobs

It is unacceptable that so many brave men and women who served our nation in Iraq, Afghanistan, and around the world have difficulty finding jobs when their service ends.  That is why Congresswoman Lowey supports the American Heroes Act, which would:

  • Provide tax credits and other incentives to businesses and government contractors to encourage hiring the brave men and women who have gained valuable skills in the Armed Forces; and
     
  • Ensure our men and women in uniform are career-ready when they leave the military.

Reducing the Deficit

To govern is to make tough choices, and Lowey is working with her colleagues in a responsible and bipartisan way to protect vital services and investments that grow our economy while reducing the deficit.  American families have to live within their means, and Congress must do the same.  That is why Congresswoman Lowey:

  • Voted for the 2011 spending bill, which cut discretionary spending by more than $37 billion, the largest ever annual reduction.  Although she did not endorse every cut, she believes the bill adequately invests in many critical priorities while making the government more efficient and less wasteful;
     
  • Voted for the Budget Control Act, which prevented a government default, cut discretionary spending by $917 billion over ten years, and created a mechanism to save an additional $1.2 trillion; and
     
  • Voted to block $369 million for a new F-22 aircraft the Pentagon didn’t want, and to end an unnecessary $450 million alternate engine for the Joint Strike Fighter.

For more information about Congresswoman Lowey's efforts to reduce the deficit responsibly, please click here.

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