Political Quotes

Ernest Istook: “H.R. 4193 that we are considering today, while making some simple changes to the tax code, would provide considerable…”

On the recordMay 17, 2004
H.R. 4193 that we are considering today, while making some simple changes to the tax code, would provide considerable positive impact to our low-income and distressed areas for years to come. I strongly support this measure, which would inject much-needed wealth into low-income and poverty-stricken areas through the creation of jobs and opportunities, where few now exist. I want to draw your attention to section 2 of the bill, which provides a much-needed correction to the tax code for dealing with what's called the New Markets Tax Credit. This credit is designed to encourage taxpayers to invest in economically-distressed communities that have been designated as Empowerment Zones.
Said by
Ernest Istook
Oklahoma
Source
govinfo.gov

Editor's note · Context

Discussing the positive impact of H.R. 4193 on low-income areas and the New Markets Tax Credit.

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