Congressman G. K. Butterfield made the following statement after the House today voted 244 to 188 to approve the economic stimulus package:
“Five of the counties I represent are suffering from double digit unemployment. People are hurting and this package provides a strong and rapid response. This package will create and save up to four million jobs, provide a tax cut for 95 percent of working Americans and invest in our county’s infrastructure. In the face of the highest unemployment rate in 26 years and a deep state budget shortfall, North Carolina will benefit with billions of sorely needed dollars.”
Among the share of benefits specifically for North Carolina, Butterfield listed:
Â· $2.26 billion for addition Medicaid funding
Â· $1.87 billion for “state fiscal stabilization funding” to help state and local governments fund education and other key services
Â· $1.26 billion for education funding, including $361 million for school improvements
Â· $626 million for additional Food Stamp Funding
Â· $117 million for additional funding for Supplemental Social Income (SSI)
Â· $67.4 million for job training and employment services for dislocated workers, youth, and adults.
Â· $29 million for Emergency Shelter Grants
Â· More than 3.1 million North Carolina residents will benefit from the Making Work Pay Tax Credit.
Â· An expansion of the Child Tax Credit will cover an additional 439,000 children in North Carolina.
Â· And, an estimated 603,586 North Carolina workers would benefit from the $25 per week unemployment increase, and an estimated 127,814 workers would benefit from the extension of benefits.