[Congressional Record (Bound Edition), Volume 156 (2010), Part 7]
[House]
[Pages 9251-9252]
[From the U.S. Government Publishing Office, www.gpo.gov]




              AMERICAN JOBS AND CLOSING TAX LOOPHOLES ACT

  (Mrs. CAPPS asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Mrs. CAPPS. Mr. Speaker, this week the House will consider the 
American

[[Page 9252]]

Jobs and Closing Tax Loopholes Act. This legislation is another step in 
our efforts to create jobs and keep our economic recovery on track. The 
bill will help communities build schools, roads, and other important 
infrastructure projects putting people to work now.
  In my district, we will see benefits in places like Los Osos and El 
Rio, which have long been in need of sewer systems. The Build America 
Bonds program extended in the bill will help advance clean energy 
efforts like geothermal power projects that will provide electricity 
for Santa Barbara County.
  Mr. Speaker, our economy is still in very rough shape, a result of 
the reckless actions on Wall Street and little to no oversight by the 
previous administration. But we are making progress.
  Last month, the economy created nearly 300,000 new jobs, a stark 
turnaround from the 700,000 jobs being lost at the end of the Bush 
administration. This change comes in large part because of the tough, 
smart choices we have made to cut taxes and invest in our people. The 
legislation coming up this week is another of these efforts to keep us 
on the road to full recovery.
  I hope all my colleagues will help support this bill and help build a 
stronger America.

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