Renewable Energy and Job Creation Tax Act of 2008

Floor Speech

RENEWABLE ENERGY AND JOB CREATION TAX ACT OF 2008 -- (House of Representatives - September 26, 2008)

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Ms. DeLAURO. Mr. Speaker, I rise in support of this bill. It illustrates our commitment to restoring middle class prosperity, a clear and practical approach to strengthen our economy, achieve energy independence and give families the opportunity to reach for the American dream.

By expanding the child tax credit, lowering its floor to $8,500, we can finally make a direct and a critical impact for all families with children: $3 billion benefiting 13 million children. That is 2.9 million children newly eligible and more than 10 million who would see their credit increased.

I believe with the child tax credit we make opportunity real for American families. Today, amidst our current financial crisis and an economy that continues to shed jobs and produces less income, these 13 million children come from families with parents who work hard every single day and struggle every day just to get by.

We have a responsibility to make our economy work, a responsibility to help ordinary Americans face today's economic challenges. Expanding the child tax credit is a great way to do it.

I urge my colleagues to vote ``yes'' on this bill.

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