*End of Year Extenders
Mr. Speaker, within the next few days, the House could take up a tax package that extends a number of tax breaks permanently.
With only fourteen legislative days remaining before the House is scheduled to adjourn, there are a number of pressing issues that need to be addressed.
It’s always interesting to hear the debate. I wonder if the Gentlelady [Rep. Lynn Jenkins] believes the analogy she made in terms of cost of living applies to the minimum wage as well. If she does, I would ask her to urge her leadership to bring the minimum wage bill to the Floor.
House Republicans are resisting bringing legislation to the Floor that would provide critical assistance to address the humanitarian crisis at the border, because of the cost – yet, those same House Republicans have passed multiple tax extender bills that add hundreds of billions to the deficit.
Mr. Speaker, I rise in opposition to this bill, but I am constrained to respond to the remarks, the emotional remarks, the perplexed remarks of the Gentleman who preceded me.
Mr. Speaker, we ought to extend the research and development tax credit to help businesses invest in innovation. But Republicans are asking us to do so without paying for it, which would add $155 billion to the deficit.
Mr. Speaker, I rise with a great deal of sadness. We're punting. USA Today said: ‘House action on tax extenders forfeits credibility on deficits and national debt.’ They are right.
Wanted to make sure you saw this USA Today editorial on House Republicans’ fiscally irresponsible bill to extend the R&D tax credit on the Floor today. Here are some highlights:
This week House Republicans are bringing legislation to the Floor to extend the research and development tax credit for businesses.
As the gentleman knows, we have an agenda, which I talked to him about briefly, we call Make It In America, which is essentially about growing manufacturing, encouraging manufacturers to return to the United States, and encouraging people when they want to go into manufacturing to do so here in America. Not only will that provide for a made in America label all over the world, but it will also provide the middle-class jobs and opportunities that we need. Part of that agenda, I will tell my friend, is to make permanent the research and development tax credit.