[Congressional Record (Bound Edition), Volume 156 (2010), Part 7]
[House]
[Page 9428]
[From the U.S. Government Publishing Office, www.gpo.gov]




                AMERICAN JOBS AND CLOSING TAX LOOPHOLES

  (Ms. PINGREE of Maine asked and was given permission to address the 
House for 1 minute and to revise and extend her remarks.)
  Ms. PINGREE of Maine. Mr. Speaker, I want to talk about H.R. 4213 and 
the impact it will have on an economy that may be improving but has not 
gone far enough yet. This important bill will put the folks in Maine 
back to work by increasing investment in our communities and businesses 
and by closing tax loopholes.
  Because of this bill, small businesses that are the backbone of our 
economic recovery will have increased access to credit. The Build 
America's Bonds program will continue to allow towns to invest in 
improving their infrastructure and provide good-paying construction 
jobs for many Americans. In my home State of Maine, extending the 
research and development tax credit helps important businesses like 
IDEXX in Westbrook to grow and develop innovative new products.
  I am proud to say this bill also cracks down on tax loopholes that 
allow hedge fund managers to avoid paying income tax on much of their 
salaries, and the bill makes sure that multinational corporations don't 
avoid paying taxes by shifting their profits to offshore tax havens.
  Closing tax loopholes generates billions of dollars to pay for the 
provisions that create jobs in our communities. I look forward to 
voting ``yes'' on this important bill.

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