Old News Archive

Michaud Reacts to President’s Speech on Economic Stimulus

January 27, 2008 - TRC

WASHINGTON, DC – Today, Congressman Mike Michaud issued the following statement in response to President Bush’s speech on an economic stimulus package.

I appreciate the President’s comments on the need for an economic stimulus package. Mainers have been flooded with recent announcements of mill shutdowns and layoffs. A bipartisan stimulus package is needed so that we can provide immediate relief to struggling Americans.

Action can’t come soon enough. Within this past week, Maine industries have received devastating news about job loss and layoffs in the paper and wood processing industry spanning from Ashland to Rumford to Nashville Plantation, Maine. And just today, I received news of layoffs at Bath Iron Works.

On December 31, 2007, the Trade Adjustment Assistance program (TAA) expired. The President has refused to sign or negotiate with Congress on expanding TAA – a program that provides direct financial relief to workers who lose their job due to trade. I strongly encourage the President and congressional leaders to include a TAA expansion in the economic stimulus package to ensure there is a continuum of coverage.

I hope that food stamps and unemployment insurance can be increased and expanded so that those who need it most can be helped. I also support other stimulus package components on the table for consideration, like money for state governments, an increase in Medicaid matching rates, tax rebates for lower to middle income taxpayers, and first-year expensing to encourage small business investment and expansion.

From Representative Mike Michaud's website : http://michaud.house.gov/

NOTE - This article reflects the views of the author and not necessarily those of the TRC Alliance Team.