Political Quotes

“every American was touched by stories of the people of the gulf region who lost so much as a result of the recent hurricanes. The American people have responded with overwhelming compassion with record donations of cash, food and clothing, and Congress, too, has a role in helping the people and the region to rebuild. However, as Congress begins its work on the hurricane tax incentive package to help the gulf region rebuild, it needs to recall its long history of limiting the benefits of redevelopment tax breaks to certain businesses. Regardless what section of the Tax Code is used to spur reinvestment and revitalization in the gulf region, Congress has limited the businesses that receive certain tax benefits. The history of targeting Federal tax breaks to certain businesses ought to continue. {time} 1700 This limitation makes sense, particularly in light of the tight budgets facing our Nation today. Congress's history of limiting Federal redevelopment tax benefits goes back more than 20 years.…”