[Congressional Record (Bound Edition), Volume 156 (2010), Part 4]
[House]
[Page 5471]
[From the U.S. Government Publishing Office, www.gpo.gov]




           TAX CUT FOR AMERICA AND THE ECONOMIC RECOVERY ACT

  (Mr. PAYNE asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. PAYNE. Mr. Speaker, today I commend my colleagues and President 
Obama for working diligently to enact a variety of tax cuts totaling 
$800 billion. These tax cuts are broad based and touch on many aspects 
of American life, from investing in small businesses, to buying a home, 
to sending your children to college, to buying a car.
  I believe that tax cuts are helping American families and businesses 
across the country and injecting consumer demand into the economy and 
spurring business investment and job creation.
  The Recovery Act provides immediate tax relief to 95 percent of 
American workers and their families. The Making Work Pay tax credit 
provides a tax credit of up to $400 for working individuals and up to 
$800 for couples filing jointly. This tax credit helps over 240,000 
families in my congressional district.
  In addition, the first-time home buyers tax credit was increased to 
$8,000. An estimated 35,000 households in New Jersey have taken 
advantage of the tax credit. So I ask to keep America moving in the 
right direction.

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