Rep. Gene Green Votes in Support of the American Jobs and Closing Tax Loopholes Act
May 28, 2010
Press Release
Washington, D.C. – Rep. Gene Green (TX-29) voted to pass H.R. 4213, American Jobs and Closing Tax Loopholes Act. This legislation will help to create or save over a million American jobs by restoring credit to small businesses, extending tax incentives for American research and development and energy, rebuilding the American infrastructure, expanding summer jobs for young Americans, and providing even more tax relief for middle class American families.
H.R. 4213 is funded by closing tax loopholes and enforcing corporate accountability by preventing American corporations from sending jobs overseas and making Wall Street investors pay a fair tax on their investments. The bill complies with the statutory pay as you go budget law while also addressing emergency needs like ensuring seniors can keep their own doctors and extending unemployment relief for families.
“This legislation will further assist our energy independence and security by providing tax incentives for the production of biodiesel and renewable diesel, gas, propane, biogas and liquid fuels,” Rep. Green said. “This will continue to support our area as the energy capital of the country and the thousands of local jobs connected with the oil and gas industry.”
The bill also restores credit flow to small businesses by extending provisions making small business loans more affordable. Up to 30 million homeowners will receive property tax relief and 12 million families will benefit through the State and local sales tax deduction. The Congressional Budget Office (CBO), a nonpartisan agency, has found that extending unemployment programs is one of the most cost-effective and fastest ways to stimulate the economy. Included in the Bill is an extension of emergency unemployment programs through November 30, 2010.
“The doctor-patient relationship is extremely important and seniors should be able to keep seeing the doctor of their choice,” Rep. Green continued. “This bill prevents cuts in Medicare physician payments and will ensure that Medicare beneficiaries and military families and retirees enrolled in TRICARE and TRICARE for Life, will continue to have access to their doctors.”
The American Jobs and Closing Tax Loopholes Act includes provisions supported by over 125 key organizations, unions and non-profits, including the U.S. Conference of Mayors, AARP, the American Farm Bureau, the National Restaurant Association, and businesses in the R&D Tax Credit Coalition.
###
Issues: