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Senate
Committee Approves Extension for Breast Cancer Research Stamp as Part
of Transportation Appropriations Bill - Stamp
will expire on December 31 unless reauthorized by Congress- Washington, DC--
The U.S. Senate Appropriations Committee yesterday approved an amendment
sponsored by Senator Dianne Feinstein (D-Calif.) to extend the Breast
Cancer Stamp by two years as part of the FY '04 Transportation spending
bill. The stamp will expire unless Congress reauthorizes it by December
31, 2003. "The fact that the
appropriations committee voted to reauthorize the Breast Cancer Research
Stamp is good news in the fight against breast cancer," Senator
Feinstein said. "The Breast Cancer Research Stamp is among the
most successful commemorative stamps of all time with 464 million stamps
sold. This is second only to the Elvis stamp that had 517 million stamps
printed. The stamp program has generated in excess of $34 million for
Breast Cancer research. In my view, such an effective, widely-supported
program should be allowed to continue." Since the stamp was put into
circulation in 1998, it has raised more than $34 million for breast cancer
research. Currently, the stamp sells for 45 cents, with 37 cents to pay
for the stamp and 8 cents going for research. In addition to approving the
Feinstein amendment, the committee approved millions of dollars of funding
for California transportation projects, including: New Starts:
"This funding is a critical part of restoring our infrastructure and creating jobs for Californians," Senator Feinstein said. "As anyone who has taken a hard look at our transportation needs can attest, federal funding for highways, transit, aviation, high-speed rail, and ports, among other areas, remains inadequate. This funding will help ensure that our country does not fall behind the rest of the developed world in the quality of our infrastructure." According to the Department of Transportation, each $1 billion in new infrastructure investment creates 47,500 new jobs: 26,500 direct jobs for construction workers, engineers, contractors, and other on-site employees, and 21,000 indirect jobs resulting from the spending associated with the investment. ### |