Economy
Long Island is going through very difficult economic times. Unfortunately, President Obama’s stimulus legislation (H.R. 1) and budget (S.Con.Res. 13) will actually worsen the situation. We need legislation which will focus on infrastructure spending for bridges, tunnels and highways and tax cuts for middle income families and small businesses. The stimulus bill, which was rushed through for a vote without an opportunity to read it, only allocates 9.4% to infrastructure and 18% for new tax relief. It makes absolutely no sense to raise taxes during a recession when we should be trying to provide incentives and create jobs. Combine the large tax increases in the New York State budget with the increases in the President’s budget and a devastating impact will be felt on Long Island. I will continue my fight for tax relief and oppose unnecessary spending.