New law funds teacher employment

By Adam Hooper - bio | email

LAKE CHARLES, LA (KPLC) - When the economy suffers, everything else suffers as well. Schools all over the country are having to cut staff as a result, and in some cases this means fewer teachers. Southwest Louisiana has certainly seen this trend, but President Obama is looking to change this.

"We can't stand by and do nothing while pink slips are being given out to the men and women who educate our children," said President Obama.

In a rare August callback, Speaker Pelosi called back members to vote on the $26 billion aid bill, aimed at keeping teachers teaching. The bill passed Tuesday afternoon.

"This legislation will save more than 130 thousand teacher jobs," said Rep. Elijah Cummings, (D) Maryland.

President Obama said the new law will not cost the taxpayer, and the country will avoid going further into debt.

"This proposal is fully paid for, in part by closing tax loop holes that encourage corporations to ship jobs overseas. It will not add to our deficit," said the President.

But, by encouraging corporations President Obama is talking about hiking taxes on corporations. Not everyone in congress believes the bill will be successful in creating jobs. Rather, some believe it will accomplish the opposite.

"The bill imposes new taxes on U.S. Companies, which is going to kill jobs," said Rep. Charles Boustany, (R) Louisiana.

Congressman Boustany, who opposed the bill, said instead of placing the burden on U.S. companies, he would have like to have seen parts of the stimulus funding, yet to be used, put into play here. Other republicans in congress said let the states deal with it.

"We are broke. We do not have the money to bailout the states. It's time for them to get their arms around their own problems," said Rep. John Boehner, (R) Ohio minority leader.

Not long after the bill was passed by congress, President Obama signed it into law.

Copyright 2010 KPLC. All rights reserved.