Speeches and Floor Statements
Van Hollen Statement on the Tax Extenders Act of 2009
Madam Speaker, I rise in strong support of the Tax Extenders Act of 2009. This legislation will provide businesses and individuals with $31 billion in tax relief over the next year to continue creating jobs and strengthening our economy. It is on time, fully paid for and deserves this chamber’s support.
The R&D Tax Credit extension in this bill will enhance the competitiveness of nearly 11,000 corporations driving innovation in the global marketplace. The above-the-line deductions for school supplies and qualified tuition expenses will continue to support our teachers and students’ education. The IRA Charitable Rollover and Conservation Easement provisions maintain important incentives for critical work in our non-profit sector. And the clean energy credits move us towards the energy independence, reliability and efficiency we know we must embrace in the 21st century.
This is an important bill, strongly supported by the Obama Administration. For that reason, I urge my colleagues in the Senate to act expeditiously on HR 4213 so that the President can sign extenders legislation into law this year. I yield back the balance of my time.