|Braley Votes to Cut Deficit, Create Jobs|
|News Releases - Business, Economy & Finance|
|Written by Amanda Crawford|
|Monday, 16 August 2010 15:31|
Bill Saves 1,800 Jobs in Iowa, Delivers Medicaid Assistance
Washington, DC – Congressman Bruce Braley (D-Iowa) voted today to cut the nation’s deficit by $1.4 billion while saving nearly 2,000 Iowa jobs and delivering essential Medicaid Assistance to Iowa. The Education, Jobs and Medicaid Assistance Act will create opportunities for middle-class workers while significantly reducing the nation’s debt.
“I came back to Washington today to pass legislation that prioritizes education, community safety and middle-class family values,” Braley said. “Investing in education is investing in our state’s economy. This bill is fully paid for and will save 1,800 jobs in Iowa. Cutting the national deficit and putting teachers back to work are common-sense, important steps to getting our nation’s economy back on track. This legislation directly benefits families and children in Iowa, and I look forward to President Obama signing it into law.”
The Education, Jobs and Medicaid Assistance Act will give Iowa $96 million to fund as many as 1,800 jobs and deliver $128 million in Medicaid assistance. The bill is fully paid for by closing tax loopholes that currently reward companies for shipping jobs overseas.
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