Kansas bodes well in Recovery Act analysis

Thursday, July 15, 2010

WASHINGTON, DC -- Vice President Joe Biden and Chair of the Council of Economic Advisers Christina Romer unveiled Wednesday the Council of Economic Advisers' latest quarterly report on the economic impact of the Recovery Act. The report finds that the Recovery Act is already responsible for 2.5 to 3.6 million -- about 3 million -- jobs and that for every government dollar invested in Recovery Act programs designed to leverage outside capital, private companies and others are co-investing with nearly three times as much outside investment. In Kansas alone, the Recovery Act has cut taxes for 1 million working families and helped to spur 28,000 new jobs.

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