OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

More Job Creation Alternatives

Floor Speech

Date: Dec. 15, 2009
Location: Washington, DC
Issues: Taxes Higher Education Family

More Job Creation Alternatives

BREAK IN TRANSCRIPT

Mr. WILSON of South Carolina. Mr. Speaker, there are many jobs creation proposals that have been presented but have been ignored. Many will help promote jobs immediately, provide a 5 percent across-the-board tax cut, increase the child tax credit from $1,000 to $5,000, repeal the alternative minimum tax on individuals, permanently repeal required distributions on retirement accounts, increase by 50 percent the tax deduction on student loans and tax deduction on qualified higher education expenses, make unemployment benefits tax free so those individuals between jobs can focus on providing for their families, and, to encourage responsible buyers to enter the housing market and stabilize prices, offer a homebuyer's tax credit of $15,000.

Both parties should consider positive alternatives that offer tax relief to small businesses and families to promote job creation.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism. Our prayers are with Wayne Dell and his family.

BREAK IN TRANSCRIPT


Source
arrow_upward