On the recordDecember 3, 2014
I thank Chairman Camp for his courage. I am not going to thank him for this bill, however, but I am going to vote for this bill. Mr. Speaker, American families and businesses deserve certainty from their tax system--confidence, stability. I am glad we are able to move forward on this legislation rather than pursue a plan to make certain tax preferences permanent while ballooning our debt. While I am supporting this tax extender package, Mr. Speaker, I do so with two very serious reservations. First, it adds the cost of extending this preference to our deficit. It is good, however, that we did not make unpaid-for extensions on a permanent basis, as the ranking member has just discussed. Second, this is a very short-term fix when Congress needs to work toward a long-term solution. I join the ranking member in congratulating Mr. Camp for bringing that forward--well, at least he put it on the table. It didn't come forward. We ought to make the research and experimentation tax credit permanent, but we need to pay for it. While this legislation allows teachers to deduct their out-of-pocket expenses, it does not give them the certainty that they will be able to do so in 2015 or beyond. To that extent, they are in the same position as everybody else covered by this bill will be.…
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