[Congressional Record (Bound Edition), Volume 158 (2012), Part 2]
[House]
[Page 1609]
[From the U.S. Government Publishing Office, www.gpo.gov]




 COMMENDING PRESIDENT OBAMA'S TAX REFORM PROPOSALS TO CREATE JOBS AND 
                  BRING JOBS BACK TO THE UNITED STATES

  (Mr. FALEOMAVAEGA asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. FALEOMAVAEGA. Madam Speaker, this week President Obama revealed 
his FY 2013 proposed budget, which introduces important tax reforms to 
revitalize the economy by boosting job creation and encouraging 
businesses to bring overseas jobs back to America.
  President Obama's proposed budget especially underscores his 
commitment to provide needed tax relief for America's small businesses. 
For example, the proposed budget offers a temporary 10 percent tax 
credit for small businesses that add new jobs and raise workers' 
salaries.
  Madam Speaker, the proposed budget also offers tax incentives for 
locating jobs in the United States while eliminating tax deductions for 
shipping jobs overseas and closing tax loopholes that result in 
outsourcing U.S. jobs to foreign countries.
  Madam Speaker, in line with the focus on American manufacturing, 
President Obama also introduced temporary tax credits to direct some 
$20 billion to domestic clean energy manufacturing.
  Madam Speaker, I commend President Obama for introducing significant 
reforms that will put America back to work, return profits to America's 
private sector, and promote a stronger American economy.

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