Investing in American Jobs and Closing Tax Loopholes Act of 2010
Floor Speech
Mr. THOMPSON of California. Thank you, Mr. Chairman.
I came down to the floor to speak about this bill because it's incredibly important to jobs in America, jobs in my district, jobs across this country.
My good friend, the ranking member, Mr. Camp--and I say ``good friend'' because we work together on a lot of things in a bipartisan manner and are able to accomplish a lot--mentioned that what's happening today is what's important to Americans, and what's happening today is important to this bill.
Right outside of my district, Sacramento International Airport was able to get $480 million worth of bonding authority because of the AMT provision that's in this bill, and they were able to put that into that airport reconstruction/renovation that they're doing, a $1.1 billion total job that created 1,200 jobs in that immediate area.
It gave us the type of infrastructure and public airport facility that will go on to create jobs today and tomorrow and on into the future. It's very, very important.
The Build America Bonds part of this bill is extremely important. There were two areas in my district that relied on this. It has created jobs, and it has improved the area.
The Napa County school system was able to use $22 million worth of Build America Bonds to do important work in the schools, renovating the classrooms, expanding the campuses to be able to have a good spot for students to be able to learn, creating jobs today as they go forward.
UC Davis, University of California, Davis, in my district, they were able to use Build America Bonds to create $48 million worth of expansion, renovation and deferred maintenance on that campus. They have done everything from deferred maintenance to the expansion of the physical sciences building, creating jobs and improving the campus and the infrastructure for many generations to take advantage of.
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Mr. THOMPSON of California. So today when this bill is up, say ``yes'' to American jobs, say ``yes'' to important American infrastructure and say ``no'' to the tax dodge that would preclude us from being able to put good jobs on the forefront today.
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Mr. THOMPSON of California. So today when this bill is up, say ``yes'' to American jobs, say ``yes'' to important American infrastructure and say ``no'' to the tax dodge that would preclude us from being able to put good jobs on the forefront today.
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