Political Quotes

“Mr. Speaker, let me also thank Reverend Cleaver. At his request, I campaigned with him and for him and did a series of Social Security events in his constituency. I spent the better part of 2 days with him, and I got an opportunity to see the regard and respect that he was held in by the citizens of Kansas City. Mr. Speaker, let me address the issue of extending the New Markets Tax Credit. I have fought for this program since its enactment in 2000 because it's a cost-effective way to create jobs and drive investments in communities with high rates of poverty and unemployment. I've seen the amazing results of this initiative firsthand. Let me highlight just some of those Massachusetts projects. Let me first tell you a little bit about the New Markets Tax Credit. It was designed to stimulate investment and economic growth in low- income communities that are traditionally overlooked by conventional capital markets. Since its enactment, the credit has generated $45 billion in capital for projects in low-income communities that range from the first supermarket in a generation in southeast Washington, D.C., to the restoration of one of the greatest acoustical houses in the world, the Colonial Theater in Pittsfield, Massachusetts. Furthermore, New Markets' investments between 2003 and 2010 have been responsible for creating over 500,000 jobs in economically distressed communities across the country. These are remarkable results.…”