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$1.3 billion economic recovery in Vermont brings 7,000 Jobs

first_imgThe economic stimulus program that Congress passed last year to help pull the economy out of the deepest recession since the 1930s so far has provided tax relief for almost all Vermonters and created or saved some 7,000 jobs in the state, according to a report compiled for Vermont Senator Bernie Sanders.Almost $1 billion already has been invested in Vermont job-creating programs, a figure that doesn’t count the impact of federal tax cuts included in the stimulus bill. With the tax relief factored in, the total stimulus impact for Vermont ‘would be up to at least $1.3 billion,” according to Stephen Klein of the Vermont Legislative Joint Fiscal Office.‘A lot of people are wondering what the stimulus package did. How does my family benefit? Where are the jobs? That’s why we did this study,’ said Sanders (I-Vt.). ‘The answer is that federal taxes were cut for almost all Vermonters and thousands of jobs have been created or saved.‘While there is no question that we are still in a deep recession, without the stimulus our state and country would be in much worse shape,’ he added. ‘Let’s not forget that in January, 2009, our country hemorrhaged 741,000 jobs in one month. Now, while job creation is much too low and while there have been ups and downs, nearly 600,000 private sector jobs were created during the first six months of this year.’Formally known as the American Recovery and Reinvestment Act, the ongoing $862 billion bill that Congress passed 18 months ago already has saved or created at least 2.5 million jobs nationally and, according to the White House Council of Economic Advisors, at least 7,000 in Vermont.Hundreds of millions of dollars are flowing into Vermont’s health care, railroads, highways, broadband systems and schools. The thousands of jobs helped begin to reverse the effects of the recession in Vermont. The state jobless rate was at least 7 percent for five straight months last year. In June, the Vermont unemployment rate fell to 6 percent.Moreover, federal taxes have gone down. More than 300,000 Vermont income tax filers will receive up to an $800 tax credit last year and this year. The Treasury Department has estimated that the tax credit benefits about 95 percent  of working families in Vermont.The income tax cut was not the only tax relief in the recovery act. All told, according to Citizens for Tax Justice, 99 percent of working families and individuals in Vermont received an average tax cut of $1,312 in 2009 as a result of the recovery act.According to one congressional study, 126,000 Vermont’s senior citizens received a one-time recovery payment of $250 in 2009. Another 14,000 Vermont families with children in college were able to claim a larger federal college tax credit (up to $2,500) as a result of the recovery act. More than 5,000 students in Vermont received a college tax credit for the first time. Some 21,000 children in Vermont benefitted from the expanded child tax credit.In addition, more than 2,400 homebuyers in Vermont received a tax credit of up to $8,000 toward the purchase of a first home. Some 36,000 Vermonters receiving unemployment compensation did not pay taxes on the first $2,400 of unemployment insurance. About 49,000 Vermont families were protected from paying higher taxes under the alternative minimum tax. And 59,000 small businesses in Vermont received tax cuts as a result of the recovery act for the purchase of capital equipment and other needs. ‘The stimulus did what it was supposed to do: short-circuit the recession and spur recovery,’ according to Mark Zandi, the chief economist of Moody’s Economy.com and an economics adviser to the presidential campaign of Sen. John McCain (R-Ariz.).Source: Sanders office. 7.28.2010last_img read more

World congratulates Joe Biden on U.S. presidential election win

first_img“The US is our most important ally and I look forward to working closely together on our shared priorities, from climate change to trade and security,” he wrote.In a pair of tweets, Indian Prime Minister Narendra Modi also congratulated Biden and Harris.- Advertisement – – Advertisement – German Chancellor Angela Merkel and Belgian Prime Minister Alexander De Croo were also among those to congratulate Harris on her historic achievement.In a statement, Merkel added, “Congratulations! The American citizens have made their decision,” Merkel said in a statement. “I am looking forward to working with President Biden in the future. Our transatlantic friendship is irreplaceable if we want to master the great challenges of our time.”Canadian Prime Minister Justin Trudeau wrote, “Our two countries are close friends, partners, and allies. We share a relationship that’s unique on the world stage. I’m really looking forward to working together and building on that with you both.”In a statement, the Canadian leader said he would work with the United States to “advance peace and inclusion, economic prosperity, and climate action around the world”.  NATO Secretary-General Jens Stoltenberg congratulated Biden, calling him a “strong supporter of NATO and the transatlantic relationship.“US leadership is as important as ever in an unpredictable world, and I look forward to working very closely with President-elect Biden, Vice President-elect Kamala Harris and the new administration to further strengthen the bond between North America and Europe,” he said.“A strong NATO is good for North America and good for Europe.”European Commission President Ursula von der Leyen said she “warmly” congratulated Biden in a statement on Twitter and said, “The European Commission stands ready to intensify cooperation with the new Administration and the new Congress to address pressing challenges we face.”French President Emmanuel Macron wrote in a tweet: “The Americans have chosen their President. We have a lot to do to overcome today’s challenges. Let’s work together!”And in Paris, the city’s mayor reacted on Twitter by writing “Welcome back America!”“While we are about to celebrate the 5th anniversary of the Paris Agreement, this victory symbolizes our need to act together more than ever, in view of climate emergency,” Paris Mayor Anne Hidalgo wrote.From the United Arab Emirates, Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan congratulated Biden and Harris on Saturday via tweet.“Congratulations to Joe Biden and Kamala Harris on winning the U.S. elections. Our sincere wishes for further development and prosperity for the American people. The UAE and USA are friends and allies with a strong historic partnership that we look forward to strengthening together,” the Crown Prince wrote.Ukrainian President Volodymyr Zelensky also congratulated America’s newest administration and wrote on Twitter, “Our friendship becomes only stronger!”Mark Rutte, the Prime Minister of the Netherlands, congratulated America’s next leaders and said he hopes to speak to president-elect Biden soon.“On behalf of the Dutch cabinet I would like to congratulate with their election victory after a close race,” Rutte added on Twitter.President of the Swiss Confederation Simonetta Sommaruga tweeted a picture of Biden and Harris and wrote in English, German and French her congratulations.“This is a strong signal,” Sommaruga wrote, adding that the Swiss and U.S. relationship will “continue to develop and thrive under the new administration.”CNBC’s Lauren Feiner contributed to this report. Modi said of Harris, who is the daughter of an Indian mother and a Jamaican father, that her “success is pathbreaking.” He also added that her success was of immense pride for all Indian-Americans.“I am confident that the vibrant India-US ties will get even stronger with your support and leadership,” Modi wrote.- Advertisement – WASHINGTON — Leaders from around the world congratulated President-elect Joe Biden and Vice President-elect Kamala Harris Saturday.U.K. Prime Minister Boris Johnson tweeted his congratulations, calling Harris’ accomplishment of becoming the first woman and person of color elected to the vice presidency a “historic achievement.”- Advertisement –last_img read more

Mildred Ramsey, 95, Ponca City, Okla.: Dec. 13, 1920 – Feb. 1, 2016

first_imgMildred RamseyMildred M. Ramsey, age 95, of Ponca City, Okla., formerly a long time Wellington resident, died Monday, February 1, at the Kansas Medical Center in Andover.Mildred M. (Helms) Ramsey was born on December 13, 1920 in Geuda Springs, KS to Orin J. Helms and Elsie L. (Malone) Helms.  Mildred was raised in the Geuda Springs area and was a graduate of Geuda Springs Rural High School, Arkansas City Junior College, and Southwestern College in Winfield.Mildred married Lloyd J. Ramsey on May 1, 1943.  He preceded her in death in 2009.Mildred was a retired school teacher.  She had taught first grade at Washington Elementary School in Wellington for 30 years.  She was a life member of N.E.A. and K.N.E.A., P.T.A., retired Teachers Association, Kappa Kappa Iota Sorority, a member of the First Christian Church and the Christian Woman’s Fellowship.She was preceded in death by her parents; her husband, Lloyd; one brother Vern Helms; and one sister, Loretta Jones.Survivors include her daughter Connie Burns and her husband Darrell of Ponca City, OK; one brother, Clifford W. Helms of Derby, KS; two sisters, Mary Ruth Neal of Arkansas City, KS and Norma Jean Minerd of Derby, KS; three grandchildren, Darrell Anthony Burns, Darla Ann Schrag, and Dana Andrew Burns; two great grandchildren, Amber White and Allison Schrag.Funeral Services will be held at the First Christian Church on Friday, February 5, 2016 at 2 p.m. Pastor Don Bryant will officiate.  Interment will follow the service at the Prairie Lawn Cemetery.Visitation will be held at the funeral home on Thursday, February 4, 2016 from 1 to 8 p.m.  The family will be present to greet friends from 6 to 8 p.m.A memorial has been established with the First Christian Church in lieu of flowers.  Contributions can be left at the funeral home.Frank Funeral Home has been entrusted with the arrangements.To leave condolences or sign our guest book, please visit our website at www.frankfuneralhome.netlast_img read more