Senator Stabenow Statement on House Plan to Cut from Important Michigan Job Creation Initiative
Senator Debbie Stabenow, author of the Advanced Technology Vehicle Manufacturing Loan initiative that has helped automakers transform old factories, create jobs, and build the cars of the future in Michigan, today issued the following statement regarding a House Republican plan released last night to cut $1.5 billion out of the initiative (half of all available funds) by attaching it to emergency relief legislation that would help states recently damaged by natural disasters.
"It's outrageous that House Republicans are pushing a plan that would drive advanced technology jobs overseas, and that they are trying to ram it through by attaching it to disaster relief," said Senator Stabenow. "These loans have helped businesses in Michigan and around the country build the products of the future here at home. Congress should cut waste and government programs that don't work, not end support for businesses that helps them keep jobs in America."
The Advanced Technology Vehicle Manufacturing Loan initiative (ATVM), also known as "Section 136" loans, has shown proven success in creating jobs in Michigan and across the country. The Department of Energy estimates the initiative has led to 41,000 more American jobs.
