I would like to thank both my colleagues who serve on the Ways and Means Committee who are from Louisiana and the affected area. As you look at the overall part of this bill, both from the charitable piece to also helping the families, whether that is on debt forgiveness, dislocation as relates to building a home, and also their own family income or casualty loss, finally the Tax Code is beginning to reflect America's values: When something happens to an American, all Americans pull together to help those individuals affected restore their lives, rebuild their communities, and get back on with their own lives. I want to isolate a particular part of this bill which deals with the Earned Income Tax Credit. I have introduced a bill with Senator Obama in the Senate that would fast-track the Earned Income Tax Credit and child credit and other educational credits to affected individuals. There is a precedent for this. During 9/11, the United States Congress fast-tracked the authority and allowed the Secretary of Treasury to get to affected families during 9/11 the child credit. In the same way, we should get to the Earned Income Tax Credit, the child credit, as well as educational credits like the Hope Scholarship to affected individuals on a fast-track basis so they, as a family, can get their lives restored, families who have children, families who work.…
Share
More from Rep. Rahm Emanuel
Okay. I come from a family. I believe politics is a good thing, because we have differences, and you work them out on election day and the American people make a decision, except for when you do special redistricting. But usually you let…
About a week ago, this Congress passed the most comprehensive update of the GI Bill of Rights for both Active Duty, Guard and Reserve soldiers. We follow up that legislation with what we are doing today to also update our laws as relates…
I first want to thank both the chairman of the Ways and Means Committee, also Congressman Levin, as well as the minority leader, Congressman McCrery, for their leadership on this issue. This bill picks up exactly where the last trade…
let me just say to the simplification of the student loan form--actually, it happened to be my first bill--which is to take the 106 questions, 8 pages long, down to commonsense English, cut it in half, and the good news is that, in fact…





