[Congressional Record (Bound Edition), Volume 156 (2010), Part 6]
[House]
[Page 8753]
[From the U.S. Government Publishing Office, www.gpo.gov]




  THE NEED TO EXTEND THE SHORT LINE RAILROAD REHABILITATION TAX CREDIT

  (Mr. LIPINSKI asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. LIPINSKI. Mr. Speaker, investing in transportation and 
infrastructure is one of the best ways to put people back to work while 
increasing our global competitiveness. These investments must be made 
not just publicly but also by private companies. So we need to support 
policies that encourage private investment.
  One such policy is the Short Line Railroad Rehabilitation Tax Credit, 
which has been critical in boosting private investment in rail 
infrastructure. In Chicagoland, which suffers greatly from rail 
congestion, this credit has been put to good use by railroads such as 
the Belt Railway Company and the Indiana Harbor Belt. These railroads 
have made improvements that reduce congestion, boosting local business 
competitiveness and easing traffic on the roads.
  Unfortunately, this credit expired at the end of last year. So we 
must act now. Let's help put people to work and improve American 
transportation and enhance and extend the short line tax credit.

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