Murphy Helps To Pass Economic Recovery Bill To Boost Jobs, Cut Taxes In Connecticut

Press Release

Murphy Helps To Pass Economic Recovery Bill To Boost Jobs, Cut Taxes In Connecticut

After weeks of negotiation, today the House of Representatives passed economic recovery legislation to create or save an estimated 41,000 jobs in Connecticut and to get our economy moving again. Congressman Chris Murphy (CT-5) supported the bill, calling it "a bold plan for tough times, with tax cuts for working people and desperately needed funding for Connecticut job creation and to fill the gaps in the state budget."

As Connecticut has seen unemployment jump from 4.8% in December of 2007 to 7.1% in December of 2008, Murphy supported the American Recovery and Reinvestment Act because it will create and save 3.5 million jobs nationwide, including approximately 41,000 in Connecticut, by investing quickly in badly needed infrastructure projects, making us more energy independent, updating our health care system, and transforming our economy for long-term growth. The bill also includes $282 billion in tax cuts over two years.

"This is an opportunity to jumpstart our economy with a mix of targeted tax cuts, historic job creation, and investments in our future. Connecticut is crying out for help. We had to act quickly to help stem the bleeding in our economy, and to provide Governor Rell and the state legislature some help to fill budget gaps in these tough times," said Murphy.

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