Political Quotes

On the recordMay 28, 2010
Mr. Speaker, I yield myself 4 minutes. We will be voting on two amendments. I want to comment first on that relating to jobs. It is major job legislation. Included are billions for financing infrastructure, Build America Bonds. And here is what one school district said. I read it because it applies to school districts, to communities, to people throughout this country. The Build America Bonds have been used in virtually every State, probably in most counties. Here is what one superintendent said. ``Build America Bonds proved to be a brass tacks approach to address critical needs in our school district such as new school buses, roof replacements, and technology upgrades. Relief provided by BABs allowed us to ensure taxpayers a lower interest rate while at the same time putting people to work.'' There is also authority for other important bonds. There are tax incentives in this bill for business relating to jobs. The R&D tax credit, the biodiesel tax credit. There is a provision, it's an incentive for retailers to invest in their real estate, infrastructure, building jobs, and also provisions to help U.S. companies compete overseas, not taking their jobs overseas, and allowing manufacturers to use AMT tax credits, otherwise unused for investment in the United States of America and for jobs in the United States of America. SBA loans to small businesses, summer jobs programs, overall more than $26 billion here for job creation, as well as for individual tax relief.…
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Mike Levin
Democratic · California

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