Hoyer Statement on Tax Extenders Package

For Immediate Release:

September 24, 2008

Contact:Stacey Farnen Bernards
(202) 225 - 3130

WASHINGTON, DC – House Majority Leader Steny H. Hoyer (MD) released the following statement today on tax extenders legislation:
 

“The House has already passed responsible legislation this year to extend expiring energy incentives and business tax credits.  While we applaud the Senate for acting yesterday and taking a step toward being fiscally responsible, their bill still falls short of the pay-as-you-go principle that House Democrats have insisted on.  As a result, the House is working on new legislation to extend these important tax credits and pay for them entirely by using offsets that the Senate has already endorsed.  I don’t believe that Senate Republicans who have already gone on record as supporting these offsets would be willing to risk letting these tax benefits expire over their insistence that it be done with borrowed money and by adding to the deficit.  I expect to bring this new legislation to the House Floor very soon.”
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