[Congressional Record Volume 156, Number 120 (Tuesday, August 10, 2010)]
[Extensions of Remarks]
[Page E1577]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]


    INVESTING IN AMERICAN JOBS AND CLOSING TAX LOOPHOLES ACT OF 2010

                                 ______
                                 

                               speech of

                           HON. BOB ETHERIDGE

                           of north carolina

                    in the house of representatives

                        Thursday, July 29, 2010

  Mr. ETHERIDGE. Mr. Speaker, I rise in strong support of this bill to 
invest in American jobs and close tax loopholes.
  This bill is about one thing, and one thing only: jobs. It extends 
initiatives that are making a difference creating jobs and rebuilding 
our communities, and it closes tax loopholes that are helping big 
businesses ship jobs overseas.
  North Carolina is creating jobs and saving money using Build America 
Bonds to improve communities across the Second District. This bill will 
expand these bonds to put more people to work, on projects like 
expanding sewers in Youngsville, Fayetteville, and Pittsboro, building 
schools in Lee County and Franklin County, and expanding hospitals and 
roads where they are most needed. The bill also extends and expands job 
subsidies that are helping struggling workers and small businesses at 
the same time. The other side has repeatedly said that we must help 
private companies expand; this funding makes sure that businesses can 
grow and workers whose jobs are at risk can keep their skills up-to-
date.
  This bill is an important step in our effort to promote an American 
Manufacturing Jobs agenda that will close loopholes that help companies 
move jobs overseas, support American jobs at home, and enable U.S. 
companies to bring back ``Made in the U.S.A.''
  I urge my colleagues to join me in support of this legislation.

                          ____________________