The short line railroad credit works well, not just in rural America, it works very well in urban America as well.
Richard Neal
The Public Record
Richard Edmund Neal is an American politician serving as the U.S. Representative for Massachusetts's 1st congressional district since January 3, 2013. A member of the Democratic Party, Neal has focused on issues such as healthcare, education, and economic development throughout his tenure. He has been an advocate for Social Security and has expressed concerns about privatization efforts by Republicans. Neal has also been vocal about the impacts of trade policies on American families, particularly criticizing the effects of the Trump administration's trade war.
Thank you, Mr. King, for your testimony. That is the point I have been making all morning, that you need it until you phase it down. That is precisely the point I have been trying to make.
These hearings have been instructive. The panelists have really been good. It is a pretty good snapshot of why tax reform will be so difficult.
I dare say there are not many Members of Congress more conservative than Mr. King, and he made a pretty aggressive argument today.
However, I should note my frustration that Congress has once again allowed so many of these important tax provisions to expire.
For us what is fascinating is left, right and center, members who have testified today have put ideology aside and emphasized the success that the production tax credit has had.
About 975,000 families in Massachusetts, including 80,000 in my district in Springfield, will be hit with AMT if we do not enact a patch for 2012.
We need to extend this 15-year depreciation provision and eliminate any tax law prejudices against retail store owners.
Without Government guarantees, you are not going to build any nuclear power plants.
The new markets tax credit is designed to stimulate investment and economic growth in low income communities that are traditionally overlooked by conventional capital markets.





