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MILITARY CONSTRUCTION AND VETERANS AFFAIRS AND RELATED AGENCIES APPROPRIATIONS ACT, 2016

12/17/15

Mr. Speaker, I have been told that all that glitters is not gold. There isn't much that is absolutely perfect, and this extender package certainly is not.

However, I am pleased to note that it does make the child tax credit permanent, the American opportunity tax credit permanent, the earned income tax credit permanent, extends deductions for expenses for elementary and secondary schoolteachers, extends deductions for State and local general sales tax, extends deductions for certain charitable giving, and extends deductions for research activities, which helps to create jobs.

The new market tax credit has been beneficial to districts like mine all over the country, and I am indeed pleased to see it extended.

The work opportunity tax credit is a godsend for long-term unemployed. I have worked on an issue called Work Colleges, and I am pleased to note the exemption for students who work under this provision.

I am also pleased to note the elimination of residency requirements for disabled individuals who are eligible for the ABLE program. I am also pleased to note the exclusion for wrongfully incarcerated individuals.

Mr. Speaker, these extensions are good. I am not sure that they are going to do enough. They are not paid for, and I am not sure that they are going to do as much for low- and moderate-income families and communities as I had hoped, or for job creation or for disadvantaged areas. I am convinced that they will do good, but I am not sure that they will do enough.

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    helpWithFedAgencyAddress Chicago District Office
    2813-15 W. Fifth Avenue
    Chicago, Illinois 60612    		  
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