Wednesday, May 14, 2008
Rangel Bill Would Provide Tax Relief to Families and Businesses
WASHINGTON –Ways and Means Committee Chairman Charles B. Rangel (D-NY) today introduced legislation to provide tax relief to millions of families, strengthen investment opportunities for American businesses and encourage the production and use of renewable energy. Chairman Rangel’s bill, H.R. 6049 the Energy and Tax Extenders Act of 2008, will extend tax credits and deductions that expired last year or would expire at the end of this year. H.R. 6049 will be considered by the Ways and Means Committee tomorrow.
“This bill provides critical tax relief to American families and businesses without burdening future generations with an increase in the national debt,” said Chairman Rangel. “By extending these provisions, we help reassure families and businesses that their tax bills will not increase this year. This bill would also help companies move forward with critical investments to build new technologies and provide incentives for renewable energy and energy conservation to help reduce our nation’s dependence on foreign oil.” |
