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Showing posts with the label Recovery Act

This Presidents' Day: Meet All 44

Meet all 44 presidents this President's Day weekend at Madame Tussauds Wax Museum in our Nation's Capital. It seems that former DC Mayor, Adrian Fenty, was partly responsible for the $2M exhibit which will open February 17, 2011.  DC is the only place in the world to feature the exhibit. From the Madam Tussaud web site: Mayor Fenty helped unveil artist renderings of the new gallery and spoke briefly while attendees admired the nine new wax figures of U.S. presidents that were on display: John Quincy Adams, Andrew Jackson, William Henry Harrison, James Buchanan, Andrew Johnson, James Garfield, Chester Alan Arthur, Grover Cleveland and Gerald Ford. Additionally, 30 first grade students were on-hand from D.C. Public School Cleveland Elementary to “meet” the new wax figure of the U.S. president for whom their school is named, Grover Cleveland. “Among the many museums and entertainment options in Washington, Madame Tussauds uniquely combines art, popular cul...

Report on Recovery Act Impact on Innovation

Vice President Joe Biden today unveiled a new report, “The Recovery Act: Transforming the American Economy through Innovation,” which finds that the Recovery Act’s $100 billion investment in innovation is not only transforming the economy and creating new jobs, but helping accelerate significant advances in science and technology that cut costs for consumers, save lives and help keep America competitive in the 21st century economy. “From the beginning, we have been a nation of discovery and innovation – and today we continue in that tradition as Recovery Act investments pave the way for game-changing breakthroughs in transportation, energy and medical research,” said Vice President Biden. “We’re planting the seeds of innovation, but private companies and the nation’s top researchers are helping them grow, launching entire new industries, transforming our economy and creating hundreds of thousands of new jobs in the process.” According to this new analysis, the U.S. is now on-track ...

President Obama Announces Sixty-six New Recovery Act Broadband Projects Nationwide

President Obama announced new jos in the Broadband sector that, according to the grantees, will not only directly create approximately 5,000 jobs up front, but will also help spur economic development in some of the nation’s hardest-hit communities, helping create jobs for years to come. In total, tens of millions of Americans and over 685,000 businesses, 900 healthcare facilities and 2,400 schools in all fifty states stand to benefit from the awards. The $795 million in grants and loans through the Departments of Commerce and Agriculture have been matched by over $200 million in outside investment, for a total public-private investment of more than $1 billion in bringing broadband service to these communities, most of which currently have little or no access, to help them better compete and do business in the global marketplace. The grants and loans are part of an overall $7.2 billion investment the Recovery Act makes in expanding broadband access nationwide – $4.7 billion throug...

President Obama, Vice President Biden and Other Administration Officials to Highlight Surge in Recovery Act Infrastructure Projects This Summer

Vice President Joe Biden today delivered a report, “ Summer of Recovery: Project Activity Increases in Summer 2010 ,” to the President detailing the surge in Recovery Act infrastructure projects that will be underway this summer – and the jobs those projects will create into the fall and through the end of 2010. The White House reports that the Summer of 2010 is "poised to be the most active Recovery Act season yet, with tens of thousands of projects underway across the country that will help to create jobs for American workers and economic growth for businesses, large and small."   Highlighing that thousands of road, bridge, water and other infrastructure projects will breaking ground this summer. Biden says the American people will get to see first-hand the Recovery Act dollars being put to work in their communities making long-overdue infrastructure improvements, creating new opportunities for local economic growth and supporting well-paid jobs. While most of us ...

Vice President Biden Wants To Put Money In Your Pockets!

Launches New Tax Saving Tools Vice President Joe Biden here with Treasury Secretary Tim Geithner (left) and IRS Commissioner Doug Shulman yesterday in the EEOB (Eisenhower Executive Office Building).  [Photo:  CD Brown for Politics. On Point.]  Not to be left out of doing something good for the nation ( this guy did have a major accomplishment this week), Vice President Joe Biden introduced the new Whitehouse.gov Tax Saving tool to help taxpayers take advantage of Recovery Act Tax Credits. Under the plan taxpayers can claim up to $2,500 in college expenses, up to $8,000 for first time home buyers, $1,500 in energy efficiency and renewable energy incentives, and can also deduct state and local taxes on new car purchases.  The Earned Income Credit (EIC) with families with three or more children increases to $5,657. There will also be up to $800 ($400 for singles) tax savings credit under the Making Work Pay   system. "The big guys know all the cr...