In support of the American Jobs Act, and other Federal Efforts to Close the Divide in Employment and Help Struggling Americans to Realized a Full and Vigorous Economic Recovery
Candelaria Reardon (IN) Introduced Nov. 19 Annual Meeting (Ratified)
American Jobs Act
Whereas, the United States is in the midst of recovery from an economic down turn that is the worst since the great depression.
WHEREAS, through the recession, Americans lost trillions of dollars of wealth; Latinos lost fully two-thirds of overall household net worth, erasing decades of gains in just months.
WHEREAS, the largest portion of most Americans' net worth is held in their homes. The recession erased home values in communities across the country, taking with it the nest egg and security of families.
WHEREAS, The American Jobs Act includes a series of proposals to stimulate the economy, create jobs and invest for America's future, through infrastructure investment, tax credits for hiring and tax relief for employees that would keep more money in the pockets of Americans already struggling to make ends meet.
WHEREAS, infrastructure investment is supported by both the AFL-CIO and the US Chamber of Commerce as a valid policy option for stimulating jobs.
WHEREAS, proposals to ensure the Act is fully paid for, include spectrum reverse auctions, which, if truly voluntary, provide an opportunity to drive mobile innovation and drive funds to the treasury while both strengthening the mobile platform and broadcasting.
WHEREAS, previous economic stimulus, via the American Recovery Act, provided stability to the markets, helped to fill in gaping municipal budget holes that would have resulted in many thousands of more firings, and resulting in profitable big business and rising stock markets.
WhereaS, the joblessness rate remains stagnate I the face of market incline, resulting in a jobless recovery featuring unemployment rates more than 40% higher for Latinos.
WHEREAS, targeted federal stimulus is necessary to jumpstart hiring and extend economic recovery to all working Americans.
AND NOW, THEREFORE, BE IT RESOLVED: NHCSL calls upon Congress and the President to take up and pass the provisions of the American Jobs Act, help to put more Americans to work, and extend American prosperity.
THIS RESOLUTION WAS ADOPTED BY NHCSL AND RATIFIED AT ITS ANNUAL MEETING HELD IN FAJARDO, PUERTO RICO NOVEMBER 19TH, 2011.
Sponsored by: Representative Mara Candelaria Reardon (IN)
Co-Sponsors: Senator Donovan Dela Cruz (HI)
Senator Juan M. Pichardo (RI)
Assemblymember Angel Fuentes (NJ)