Thursday
Apr152010
Pelosi Touts Tax Cuts
By Justine Rellosa- Talk Radio News Service
On Thursday, House Speaker Nancy Pelosi (D-Calif.) addressed how the Recovery Act influenced 2010 Tax Day outcomes.
"It is important to note on this day that 36 percent of the Recovery Act went to tax cuts. Tax cuts for the middle-class, tax cuts for small businesses tax cuts for green energy jobs for the future," commented Pelosi. "Refunds are up 10 percent, averaging about $3,000 [per] tax payer and 98 percent of Americans will receive a tax cut for 2009."
The Speaker said the third quarter report given by President Barack Obama yesterday estimates that the Recovery Bill saved or created up to 2.5 million jobs. However, she says Democrats are waiting for more legislation to open up more jobs for Americans.
"There are many indicators of turnaround in our economy, but still, many people do not have jobs so our focus was on the legislation ... for further job creation," she said.
Pelosi echoed the sentiments expressed recently by Bruce Bartlett, a former Reagan Policy Advisor, on tax reductions under Obama.
"Federal taxes are considerably lower, by every measure, since Obama became President," she said.
On Thursday, House Speaker Nancy Pelosi (D-Calif.) addressed how the Recovery Act influenced 2010 Tax Day outcomes.
"It is important to note on this day that 36 percent of the Recovery Act went to tax cuts. Tax cuts for the middle-class, tax cuts for small businesses tax cuts for green energy jobs for the future," commented Pelosi. "Refunds are up 10 percent, averaging about $3,000 [per] tax payer and 98 percent of Americans will receive a tax cut for 2009."
The Speaker said the third quarter report given by President Barack Obama yesterday estimates that the Recovery Bill saved or created up to 2.5 million jobs. However, she says Democrats are waiting for more legislation to open up more jobs for Americans.
"There are many indicators of turnaround in our economy, but still, many people do not have jobs so our focus was on the legislation ... for further job creation," she said.
Pelosi echoed the sentiments expressed recently by Bruce Bartlett, a former Reagan Policy Advisor, on tax reductions under Obama.
"Federal taxes are considerably lower, by every measure, since Obama became President," she said.
Lawmakers Give Healthcare Reform Mixed Reviews During Hospital Association Conference
Talk Radio News Service
While House Speaker Nancy Pelosi (D-Calif.) thanked members of the American Hospital Association (AHA) during its their annual conference Tuesday for supporting the Democratic health care reform bill, Sen. John Cornyn (R-Texas) reminded the audience that "you and I found ourselves on a different page."
The AHA, a national organization formed by almost 5,000 hospitals and medical care providers and 37,000 individual members, displayed packets during the conference that praised the new health care reform law for expanding health coverage to an estimated 32 million Americans in the next ten years.
Citing a new report by the Centers for Medicare and Medicaid Services, Cornyn told members of the audience that health care costs will rise to $311 billion by the year 2020, and said his "biggest disappointment" with the law is that it will worsen America's long term fiscal situation.
Pelosi, on the other hand, said hospitals stand to benefit the most from the new law due to "32 million patients [having] an insurance card...fewer uncompensated emergency room visits...[and] reduced costs and improving care."
Department of Health and Human Services Secretary Kathleen Sebelius, who followed the Speaker, discussed the case of Well Point Inc. attempting to decline health coverage to breast cancer patients, and called on the AHA to help discourage such "illegal" behavior on the part of insurance companies.