Business & Economy
Braley Signs On to Bipartisan Balanced Budget Amendment PDF Print E-mail
News Releases - Business & Economy
Written by Jeff Giertz   
Friday, 18 May 2012 13:49

Proposal requires federal spending to match federal revenue, reduces deficit

Washington, D.C. – Rep. Bruce Braley (IA-01) today announced that he has signed on to bipartisan legislation that would amend the US Constitution to require the federal government to balance its budget, so government spending cannot exceed revenue.

The proposal, known as the Business Cycle Balanced Budget Amendment (H.J. Res. 81), was written by Michigan Republican Rep. Justin Amash (MI-03).  It would base annual federal spending on the previous three years of government revenue.  In the event of a national emergency such as war or natural disaster, a two-thirds vote of Congress could exempt temporary spending for specific reasons from the limits.  The legislation also provides that the amendment be phased in over 10 years following ratification.

 

Braley said, “It’s a simple concept that would revolutionize the way our government does business.  States must balance their budgets; families must balance their checkbooks.  Why shouldn’t the federal government?

 

Braley continued, “The bipartisan balanced budget amendment I’ve signed onto today will rein in the federal deficit while ensuring America isn’t left vulnerable in a national emergency.  It’s the game-changer we need to get our fiscal house in order, protect our economic recovery, and set the stage for future prosperity.”

 

Rep. Justin Amash said, “This bill is simple, bipartisan, and common sense, and I’m proud that Bruce has joined me in this effort.  Our long-term prosperity depends on the federal government reining in debt, and that starts with balancing the budget.”

 

The Business Cycle Balanced Budget Amendment currently has 55 Democratic and Republican cosponsors.

A copy of the legislation can be downloaded at the following link: http://go.usa.gov/pxh

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The Yard Sale Shop Now Open in Moline PDF Print E-mail
News Releases - Business & Economy
Written by Misty Benson & Jay Nightingale   
Thursday, 17 May 2012 15:04

A not-for-profit thrift store - The Yard Sale Shop - has opened up at 3150 Avenue of the Cities in Moline. The shop is locally owned and operated, focusing on efforts to support the community and organizations that are within it.

They need your donations and your support to make this happen.  Are you done with your yard sale, cleaning out your attic, your hall closet, or just making some space?  Bring your excess treasures to The Yard Sale Shop, where all donations are greatly appreciated.

Children's and adult clothing • Winter wear to Summer wear • Furniture of all types • Household fixtures and decor • Kitchen applicances • Books • Crafts and art supplies • Toys for any age • Bedding and blankets • Electronics • Dishes and silverware • Cookwear and utensils • Jewelry and collectables • First day school supplies • "A Little Bit of Everything!"

The Yard Sale Shop is open Wednesday through Sunday from 9:00 a.m. until 5:00 p.m. for shopping and donation drop-off.

Thank you for helping us help the community!

Like us on Facebook!

 
Braley to Announce Support for Balanced Budget Amendment in Weekly Press Conference Call PDF Print E-mail
News Releases - Business & Economy
Written by Jeff Giertz   
Wednesday, 16 May 2012 09:05

Braley signing on to bipartisan Business Cycle Balanced Budget Amendment today 

Washington, DC – Rep. Bruce Braley (IA-01) will hold his weekly press conference call with Iowa reporters this morning at 10:30am CDT.

Braley will announce his support for a balanced budget amendment sponsored by Republican Rep. Justin Amash (R-MI), the Business Cycle Balanced Budget Amendment (H. J. Res. 81).

WHAT: Bruce Braley’s weekly press call with Iowa reporters

WHEN: TODAY, Wednesday May 16th, 2012 at 11:30am EDT // 10:30am CDT


 
Why Labor & Business Support Gaming Solution PDF Print E-mail
News Releases - Business & Economy
Written by Illinois Revenue and Jobs Alliance   
Wednesday, 16 May 2012 08:58
Representatives from the Illinois’ organized labor and business communities throughout the state detail the importance of passing SB 1849, a gaming solution that would create more than new 20,000 jobs.

 
Loebsack Calls for Extension of Program to Ensure Continued Iowa Job Creation PDF Print E-mail
News Releases - Business & Economy
Written by Joe Hand   
Wednesday, 16 May 2012 08:38

Washington, D.C. – Congressman Dave Loebsack recently called on leaders in the House of Representatives to extend a program, which is designed to ensure faster disaster recovery through economic growth and development.  Created by Loebsack and Senator Grassley in the aftermath of the 2008 Floods, Midwestern Disaster Area Bonds allowed for $2.6 billion for Iowa in tax-free bonding authority to be used for job creation and economic development.

Unfortunately, this authority expires at the end of the year, despite only $800 million having been used in Iowa.  Loebsack called on the Chairman and Ranking Member of the House Ways and Means Committee to extend this job creation tool until 2015. Governor Branstad also supports an extension of the authority.

“The State of Iowa has worked hard to utilize much of this authority, but has been hit doubly hard with devastating floods on top of the worst recession since the Great Depression,” Loebsack wrote to the Committee.  “Providing for an extension of Midwestern Disaster Areas Bond authority makes sense on a number of fronts, the foremost being job creation and economic growth.  I respectfully urge the Committee to include this common-sense extension which has broad bipartisan support in the Congressional Delegation, the State of Iowa, and the Midwest.”

This bonding authority has aided many projects in Iowa, including a recent announcement by Iowa Fertilizer that they are considering building a $1.3 billion fertilizer plant in Southeast Iowa.  This bonding authority is being used to help attract the plant to Iowa and is projected to create 165 long-term jobs, as well as 1,500 to 2,000 jobs during its construction.

A copy of the letter can be seen here.

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