Jobs for Main Street Act Summary
Major Provisions of H.R. 2847
The country is struggling to overcome the longest and deepest economic downturn since the Great Depression. With eight million jobs lost and 15 million people still out of work, the number of unemployed has more than doubled in the last two years. Main Street has been hit especially hard. The recession has led to job cuts and reductions in vital services, including education and health. At the start of the year, the Nation’s economy was in disastrous freefall, losing nearly one million full-time jobs a month. Nothing could prevent additional job losses, but Congress had an obligation to act to…
