Albio Sires: “As today is tax day, it is important that American people are aware of the savings and tax cuts brought to them over the…”

“As today is tax day, it is important that American people are aware of the savings and tax cuts brought to them over the past year. In conjunction with President Obama, we have ensured that tax breaks no longer focus on the wealthy, but rather on the hardworking Americans. With the enactment of the Recovery Act, we are able to provide tax breaks for many aspects of American life, from investing in small business, to investing in energy efficiency, to sending your child to college, to buying a new car. These tax reductions are helping families and businesses across America get back on their feet while spurring business investment and job creation. All totaled, Congress has enacted over $800 billion in tax cuts, including 25 within the Recovery Act. Perhaps one of the most critical provisions of the past year was the Making Work Pay tax credit, which is dedicated to providing 95 percent of all American workers with a tax break, including 254,000 residents in my district alone through the reduction in tax withholdings by their employer. As Americans return their tax forms today, a majority will find that a portion of their burden has been lifted through the swift action of this Chamber.”