Yesterday afternoon, House of Representatives Committee on Appropriations Chair Dave Obey introduced legislation that proposes to save or create over 3 million jobs while investing in priorities like healthcare, energy, and education to jumpstart economic growth. This Act represents not just new policy, but a new approach to meeting our country's most urgent challenges.
In the next two weeks, the Congress will be considering the American Recovery and Reinvestment Act of 2009. This package is the first step in an effort to create and save jobs, invigorate our economy, and begin the process of transforming it for the 21st century with $275 billion in economic recovery tax cuts and $550 billion in investments.
The package contains targeted efforts in:
Gray Plant Mooty's Economic Recovery team is closely monitoring this new legislation and has already begun a comprehensive analysis of its impact on our clients. In addition to providing frequent e-alerts on changes to the Act, GPM's Economic Recovery team will host a related client program once the Act is finalized.
Gray Plant Mooty is recognized as one of the leading corporate law firms in Minnesota and one of the top franchise firms in the world. Our roots go back to 1866. Today, we are a 180-plus attorney, full-service firm with offices in Minneapolis and St. Cloud, Minnesota; Washington, D.C.; and Fargo, North Dakota.