Press Release

It was imperative that the President explain to Americans, who are rightly frustrated, angry and resistant to offering up their tax dollars, why it is in their best interest to quickly, decisively and boldly respond to the financial crisis on Wall Street.

The ADA Amendments Act signed today by the President brings millions of our fellow citizens back where they belong: under the protection of the ADA.

The bill provides essential tax relief to American families and businesses. Its tax credits will help create tens of thousands of American jobs, while investing in the new energy technology we need to break our dependence on foreign oil.

The bill authorizes a total of $601.4 billion, including $531.4B in budget authority for the Department of Defense and the Department of Energy’s national security programs.

We are making progress and injecting presidential politics in this critical issue would not be helpful to quickly producing the best proposal for the American people.

The House has already passed responsible legislation this year to extend expiring energy incentives and business tax credits. While we applaud the Senate for acting yesterday and taking a step toward being fiscally responsible, their bill still falls short of the pay-as-you-go principle that House Democrats have insisted on.

President Bush called last week 'a pivotal moment' in the life of the American economy, and he’s absolutely right. Wild market fluctuations, bank failures, billion-dollar government bailouts—in the weeks and months to come, all of us, not least the people in this room, will be tested sorely.