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|House action keeps U.S. on the road to economic recovery|
|News Releases - Business, Economy & Finance|
|Written by Iowa State Education Association|
|Monday, 16 August 2010 15:32|
DES MOINES, IA (08/10/2010)(readMedia)-- The U.S. House of Representatives today approved legislation containing emergency funds to help states cope with the Great Recession and stave off massive layoffs of educators. The House joined the Senate in passing H.R. 1586, the Education Jobs and Medicaid Assistance Act, legislation that will keep educators working and help states with Medicaid funding. It provides $10 billion for educators' jobs and $16 billion for a Medicaid funding assistance program known as FMAP.
The legislation would provide $96 million in federal funding for Iowa and help save an estimated 1800 jobs.
A Congressional Budget Office analysis found that the legislation, which is fully paid for, will reduce the deficit by $1.4 billion over 10 years. The bill, which the Department of Education estimates will save some 161,000 educators' jobs, now goes to President Obama for his signature.
"This is a great day for Iowa's kids and schools. $96 million will go a long way toward reducing overcrowded classrooms, improving program offerings and bringing educators back into their buildings so they can do what they do best, help Iowa's kids to learn and grow," said Chris Bern, President of the Iowa State Education Association. "Everyone wins with this important legislation," Bern added.
"We deeply appreciate Senator Harkin's leadership in moving this legislation forward and keeping the best interests of students ahead of politics. We also appreciate the support from Congressmen Boswell, Braley, and Loebsack and Governor Culver's strong commitment to Iowa's kids and public educators," Bern said.
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