Gary Hart: “First of all, this administration inherited a recession. Our goal was to bring us out of the recession. A number of…”

“First of all, this administration inherited a recession. Our goal was to bring us out of the recession. A number of these tax cuts and adjustments, tax credits, helped bring our Nation out of a recession. If we allow those tax cuts to be removed, meaning increased taxes, we do not help our economy and certainly will do the opposite and, in fact, will put a number of families in a difficult situation as well as a number of businesses. I am interested in a number of the provisions that will help our employers, especially the research and development tax credit. In my district, the companies creating new jobs are the ones that have benefited from the R&D tax credit. In fact, one just this week held a job fair to fill 150 new positions. They have benefited significantly from the R&D tax credit. A number of those savings are being used to hire new folks. That is important to us. Another issue to help employers is the work opportunity tax credit, not only to help employers, but to help those who are involved in getting off welfare.”