Hoyer: HomeStar Bill Will Create Jobs, Promote Energy Efficiency


WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today after the House passed the HomeStar Energy Retrofit Act:

 
“After losing three-quarters of a million jobs per month, on average, during the last three months of the last administration, our economy is creating jobs again. Since President Obama took office, monthly job losses are down 96%. We learned just yesterday that private-sector employers added jobs for the third straight month. And we also recently learned that the American economy has grown for three straight quarters.
 
“News like this demonstrates that our recover policies are making real progress. The Recovery Act cut taxes for 98% of working Americans and is responsible for some 2 million jobs. We enacted legislation that eliminates payroll taxes for every unemployed worker hired, which the nonpartisan CBO calls one of the most effective methods of job creation, and which helps small businesses finance their expansion and add employees. And the House also passed legislation to expand successful bond programs that put Americans to work on much-need local infrastructure projects, and to make it easier to invest in the growth of small businesses.
 
“All of those steps are contributing to our recovery and helping to put Americans back to work—but as long as so many Americans remain unemployed, our work in Congress is still not done. That’s why the next step in our effort was to pass the HomeStar Energy Retrofit Act, which is projected to create 168,000 new jobs across America.
 
“This bill creates immediate incentives for homeowners to make their homes more efficient, which has a triple benefit: saving Americans on their energy bills, making our nation more energy efficient, and putting Americans to work in construction jobs that cannot be outsourced. In fact, 90% of the products needed for HomeStar energy retrofitting are made in the United States.
 
“Americans who want to take advantage of a more energy-efficient home will have access to $3,000 rebates for insulation, duct sealing, windows and doors, air sealing, and more efficient water heaters. The 3 million families expected to take advantage of this bill will be able to save $200 to $500 on their energy bills each year—a total of $9 billion over the next decade. And every time one of those families makes home improvements, more jobs are created—jobs to build more energy-efficient materials and jobs installing them in homes across America.
 
“This bill makes economic sense, and it’s supported by some of the leading groups in America’s business community, including the U.S. Chamber of Commerce, the National Association of Manufacturers, and the National Association of Home Builders.
 
“The Chamber of Commerce Calls HomeStar ‘a worthwhile, incentive-based program to create American jobs and promote energy conservation.’
 
“And the National Association of Manufacturers says that it will ‘spur much-needed consumer demand for energy-efficient products and building materials…quickly creat[ing] jobs in the manufacturing, distribution, and sale of energy-efficient products.’
 
“HomeStar is another step toward a more energy-efficient America—and toward a lasting, job-creating economic recovery.”
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