THE LEADER'S REPORT: WEEK OF NOVEMBER 30, 2009

For Immediate Release:

December 4, 2009

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130

Leader's Report
majorityleader.house.gov · (202) 225-3130
  
MESSAGE FROM THE MAJORITY LEADER

As Democrats continue to focus on job creation, this week brought encouraging news. Today it was announced that the unemployment rate fell in November and job losses are continuing to decrease – a positive indication that the economy is improving and evidence that Democratic economic policies are starting to work. Nearly a year after President Obama inherited the worst economic crisis since the Great Depression, we also heard from the nonpartisan Congressional Budget Office this week that the Recovery Act has saved or created up to 1.6 million jobs, while growing the economy for the first time in more than a year. While these reports are reasons to be hopeful, too many Americans remain out of work and are having trouble providing for their families.  The President and Congress will keep doing everything we can to turn that around and get Americans back to work.

This week, the House passed legislation that permanently fixes the estate tax, which will give small businesses, farmers, and families the certainty they need to plan for future years. Attached to the estate tax bill is Statutory “Pay-As-You-Go” legislation, a proven tool for turning deficits to surpluses. Under PAYGO, Congress will be forced to make the tough decisions necessary to ensure our nation pays for what it buys, helping restore our nation’s fiscal health. I hope that the Senate will join the House in taking this essential first step out of America’s deep fiscal hole.

Next week, the House will consider legislation to protect American consumers and prevent the irresponsible behaviors and practices that contributed to the financial crisis last Fall. The Wall Street Reform and Consumer Protection Act restores responsibility and accountability to Wall Street through tough rules and regulation of risky practices.  It protects consumers on Main Street by ensuring that bank loans, mortgages, and credit cards are fair and transparent, and ensures that taxpayer money will not be put on the line again by putting an end to “too big to fail” financial firms.

 

Sincerely yours,

Steny H. Hoyer

STENY H. HOYER



P.S. Please invite your friends and family to sign up for this newsletter to learn about what House Democrats are doing to lead America in a new direction.
 
MAJORITY NEWS UPDATE

Hoyer Statement on November Jobs Report
After the Department of Labor released the unemployment report for November, which shows that job losses are continuing to decrease, Leader Hoyer called the report encouraging while saying that Congress will not rest as we keep working to spur job creation.
 
Hoyer Statement on Permanent Extension of Estate Tax Relief

Leader Hoyer spoke on the House Floor in support of a permanent estate tax fix, calling it an important measure to give families, farmers, and small businesses the certainty the need to plan for the future.
 
Majority Leader Hoyer Statement on President Obama’s Afghanistan Strategy
On Tuesday, Leader Hoyer responded to President Obama’s speech setting forth a course of action in Afghanistan, noting that it is a decision made necessary by the failure of the Bush Administration to successfully complete the mission.