Business & Economy
Harkin Announces over $121 Million in Funding for Special Education in Iowa PDF Print E-mail
News Releases - Business & Economy
Written by Harkin Press Office   
Tuesday, 05 July 2011 14:34

WASHINGTON, D.C. - Senator Tom Harkin (D-IA) announced today that $121,013,583 from the U.S. Department of Education will be available in funding to the state of Iowa for special education in the 2011-2012 school year. The financial support helps meet the cost of special education and related services for children in Iowa and across the United States with learning and physical disabilities. The funding was made available by the Fiscal Year 2011 Full-Year Continuing Appropriations Act and will help support over six million students across the United States.

“I am pleased to announce this funding for students with disabilities across Iowa,” said Harkin. “It is imperative that we fund efforts that allow students to meet their full potential. This allocation will help ensure students will have access to the instruction and support they need to be successful.”

Harkin chairs the Senate Appropriations subcommittee that funds education and the Senate Health, Education, Labor and Pensions Committee.

 
Weekly Video Address: Deficit-Reduction Talks PDF Print E-mail
News Releases - Business & Economy
Written by Grassley Press   
Tuesday, 05 July 2011 14:23

Advisory for Iowa Reporters and Editors

Friday, July 1, 2011

During his weekly video address, Senator Chuck Grassley discusses the status of the deficit-reduction talks and the importance of not leaving a legacy of debt to the next generation.

Click here for audio.

The text of the address is available below.

Grassley Weekly Video Address:

Deficit-Reduction Talks

The President is finally involved in the deficit-reduction talks, where $2.4 trillion in savings over 10 years is needed in order to offset about that level of an increase in the federal debt ceiling.  August 2 is the operational deadline, at this point.

The President’s posture is very combative, and the pressure that’s coming from the White House and Senate Democrats to raise taxes to increase revenues ignores two very important facts, separate from the harm it would do to the economy where job creation is still so weak.

First, Americans sent a clear message in the last election that they want government spending reined in.  They know it’s morally wrong to make the next generation pay the bills for the way we live today, and that the problem isn’t that people are taxed too little but that Washington spends too much.  In just the last two years, government spending increased by 22 percent.

Second, if history is a guide, then an increase in taxes is really a license for Congress to spend more money.  Professor Vedder of Ohio University has found that since World War II, for every dollar in tax increases, Washington has spent $1.17.

Serious spending reforms are needed for the sake of America’s fiscal well-being.

One of those reforms is a balanced budget amendment to the Constitution.  The federal deficit is 15 times bigger today than it was in 1997, the last time there was a vote in Congress on a balanced budget amendment.  It’s time to bring it up again.  I’m a cosponsor of legislation and have formally asked Senate leaders to hold hearings on a balanced budget amendment.  Forty-six of 50 states have a balanced budget requirement, and there should be one at the federal level.

In the meantime, the debt-ceiling debate provides a major opportunity to help bring fiscal accountability and responsibility to Washington.  And it emphasizes the need for pro-growth policies out of Washington – including less debt, but also regulatory relief, more exports, lower and simpler taxes and greater certainty about taxes, lower health care costs and an increased domestic energy supply.

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White House dodges Small Business Lending Fund questions PDF Print E-mail
News Releases - Business & Economy
Written by Grassley Press   
Friday, 01 July 2011 11:02

Sen. Chuck Grassley of Iowa last month asked a White House official to account for the contradiction between a White House blog post and statements from the Secretary of the Treasury and other officials about the relationship of the Small Business Lending Fund, or SBLF, to the Troubled Asset Relief Program, or TARP.  Today, the Treasury Department responded.  The text of the Treasury Department’s response is here.  The details of Grassley’s original inquiry are available here.  Grassley made the following comment on today’s response.

“With this response, the White House apparently didn’t want to answer questions about the Small Business Lending Fund and is hiding behind the Treasury Department.  I wrote a letter to the White House deputy communications director asking questions regarding the statements she wrote about the Small Business Lending Fund.  Since she’s a public servant whose salary is paid by the American people, making statements on a taxpayer-funded website that presents official White House positions, I expect direct answers.   It’s misleading, at the very least, for the White House to have insisted that the Small Business Lending Fund and TARP have no relationship, even as the Treasury Department acknowledges that at least some banks will use the Small Business Lending Fund to repay their TARP loans.”

 
Time to bring up a Balanced Budget Amendment to the Constitution PDF Print E-mail
News Releases - Business & Economy
Written by Grassley Press   
Thursday, 30 June 2011 12:16
Statement by U.S. Senator Chuck Grassley
Ranking Member of the Committee on the Judiciary
Wednesday, June 29, 2011

Balanced Budget Amendment to the Constitution
Tax Increases Not the Answer for Deficit Reduction

The federal budget deficit is 15 times bigger today than it was in 1997, the last time there was a vote in Congress over a balanced budget amendment to the Constitution.  It’s time to bring it up again.

Voters sent a clear message in the last election that they want government spending reined in.  They know it’s morally wrong to make the next generation pay the bills for the way we live today, and that the problem isn’t that people are taxed too little but that Washington spends too much.  In fact, history tells us that an increase in taxes will only fuel more government spending.  Since World War II, Washington has spent $1.17 for every dollar in tax increases, so tax increases have proven to be a license for Congress to spend more money.

State-level requirements for balanced budgets work and serve an important purpose.  A balanced budget amendment to the U.S. Constitution is the kind of serious spending reform needed for the sake of America’s fiscal well-being.

 
Harkin, Families USA to Release New Report Spotlighting Impact of Medicaid Proposed Cuts on Iowa’s Economy PDF Print E-mail
News Releases - Business & Economy
Written by Harkin Press Office   
Monday, 27 June 2011 11:54

June 28 Teleconference, Report Release Will Detail How Cuts Could Cost Iowa Thousands of Jobs, More than a Billion Dollars in Lost Business Activity

Washington, D.C.—The Medicaid cuts in the House Republican budget, if implemented today, would have a devastating impact on the struggling economy of Iowa, putting thousands of jobs and more than a billion dollars in state business activity at risk.

On Tuesday, June 28, Senator Tom Harkin (D-IA) and Families USA, the national organization for health care consumers, will release a report titled “Jobs at Risk” that will detail how Medicaid cuts would damage Iowa’s economy.

As the report makes clear, there is also a human toll of such cuts, affecting the health and well-being of low-income and middle-class families, children, seniors, and people with disabilities. This report, however, will look specifically at the economic effect of Medicaid cuts, spotlighting the potential impact of a 5 percent, 15 percent and 33 percent Medicaid cut on Iowa’s economy.

Those percentages were chosen for the report, because the budget proposal adopted by the U.S. House of Representatives, sponsored by Rep. Paul Ryan (R-WI), calls for cuts in federal funding to current state Medicaid programs of 5 percent in 2013, 15 percent in 2014, and 33 percent in 2021.

A teleconference for Iowa media will be held on Tuesday, June 28, 2011, to discuss the new Families USA report.

WHAT:  
Teleconference and Release of Families USA Report “Jobs at Risk”

WHEN:  
Noon EDT, 11 a.m. CDT
Tuesday, June 28, 2011

HOW:   
Dial in toll-free: 877-780-3379
Confirmation code: 7301551

WHO:   
U.S. Sen. Tom Harkin (D-IA), Chairman, Health, Education, Labor and Pensions Committee
Ron Pollack, Executive Director, Families USA

 
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