The Republican Call to Cancel the Recovery Act: What It Means for New York

Higher Taxes for Families & Businesses, Layoffs for Teachers & Construction Workers
Critics have been filling the airwaves recently, claiming that the best thing for the economy and the American public is to “cancel” the American Recovery and Reinvestment Act. These critics are dead wrong about what that would actually mean. Stopping the Recovery Act would mean raising taxes, stripping food and other critical benefits from hurting people in New York, and jeopardizing thousands of jobs across the state, as hundreds of businesses would lose funding for work being performed today.

If the Recovery Act were cancelled today…

• Taxes would increase immediately in one of the largest tax hikes in American history
• Americans would lose critical benefits
• Thousands of New York jobs would be jeopardized, as businesses would lose funding for projects