Max Baucus: “this budget resolution conference report allows Congress to take action on many of America's priorities. This conference…”

“this budget resolution conference report allows Congress to take action on many of America's priorities. This conference report starts by providing for many priorities through the revenue side of the budget. This agreement includes monies to pay for extending expired and expiring revenue provisions. These provisions include the teacher expense deduction, which helps teachers who buy school supplies. These provisions include school construction bonds, to help repair our country's deteriorating school infrastructure. And these provisions include help to businesses to stay competitive. In particular, the budget assumes extending the research and development credit, which gives businesses an incentive to increase research. This will keep America as a top innovator in science and technology. This conference agreement on the budget resolution also includes monies to provide for education tax reform. So far this year, the Finance Committee has held two tax reform hearings. One of the major themes of the testimony has been simplification. Witnesses almost always cite education tax incentives as an example of needless complexity. This conference report would allow us to help make education more accessible and affordable by making the education incentives easier to use.”