Taxpayer Assistance Act Of 2010

Floor Speech

* Mr. VAN HOLLEN. Mr. Speaker, I rise in support of the Taxpayer Assistance Act of 2010 and the common sense, bipartisan reform it represents.

* Consistent with its oversight responsibilities, the Ways and Means Committee routinely reviews the tax code with an eye towards updating antiquated provisions and making it more taxpayer-friendly. Towards that end, today's legislation modernizes the rules governing employer-provided cell phone use to eliminate nuisance paperwork. It requires the IRS to pay interest on refunds related to individual tax returns that are filed electronically if the refund is not paid within thirty days. And it provides taxpayers with better notification on issues ranging from the Earned Income Tax Credit to identity theft.

* Since the April 15 tax deadline is tomorrow, I would be remiss if I did not point out that the improvements made by today's legislation come on the heels of one of the largest middle class tax cuts in American history. Under the Recovery Act's Make Work Pay credit, over 95 percent of Americans got tax relief at a time when families and our economy needed it most. As a result, recent economic data clearly show we are transitioning from recession to recovery and laying the foundation for future economic growth.

* Mr. Speaker, the Taxpayer Assistance Act of 2010 is common sense reform and part of a growing chorus of good news for Americans and our economy. I urge a yes vote.

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