Political Quotes

“Last week, the Ways and Means Committee on which I sit, along with numerous other committees in this House, moved forward toward completing our work to achieve President Biden's and the American people's vision to build back better. The legislation contains economic development initiatives that I have long championed to create good-paying jobs, while lowering costs and cutting taxes for American families, not American wealthy. This is the kind of legislation that makes America great. This is the kind of legislation that assures the American people that we have not abandoned them in their time of need. To remain the greatest Nation, we must support the most vulnerable portion of America. Importantly, for my district, this bill contains specific measures for the much-needed economic recovery of the U.S. territories, which have been severely tried in recent years. It fixes longstanding fiscal cliffs related to rebate on Federal excise taxes on distilled spirits production in the territories, our rum cover over. The cover over has been a part of the fundamental tax relationship between the United States and its island territories before there was even an income tax. This bill would repeal the cap that has been imposed on the program since 1984. In addition, we are continuing to expand the federally funded Child Tax Credit, including reimbursing the Islands' government who pay out the costs for providing the credit.…”