Creating and Protecting American Jobs

Floor Speech

Ms. RICHARDSON. Prior to the Obama administration, our economy was run into a ditch. We were losing over 700,000 jobs a month and most families were struggling just to pay their bills. But, yes, what a difference a year has made.

This Democratic Congress, working with President Obama, has chartered a new direction. Americans are now paying the lowest amount of tax rates since the 1950s; getting deductions on property taxes; help with bonds for States so they can rebuild hospitals and sewers; and tax relief for tuition and teachers for their out-of-pocket expenses. And finally, yes, we have to protect those coasts and increase the oil spill liability trust fund.

But there is more to do, we all know that, and that is why this week we are looking to pass the American Jobs and Closing Tax Loopholes Act, to close tax loopholes that many corporations have taken advantage of. We have to restore credit to small businesses, extend tax incentives so American businesses can do the research that they need, and, yes, our young people need jobs. Didn't you get one?

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