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Press Release
September 28, 2008
"We've made great progress, we have to get it committed to paper so that we can formally agree, but I want to congratulate all the negotiators for the great work that they have done."
Press Release
September 28, 2008
"Significant bipartisan work has built consensus around dramatic improvements to the original Bush-Paulson plan to stabilize American financial markets--including requiring a plan to ensure the taxpayer is repaid in full."
Press Release
September 27, 2008
"Today's approval by the House of the U.S.-India nuclear cooperation agreement furthers our countries' strategic relationship while balancing nuclear non-proliferation concerns and India's growing energy needs. The legislation recognizes India's past support for non-proliferation initiatives and strengthens congressional oversight of any future U.S. decision to assist India's civilian nuclear program."
Press Release
September 26, 2008
"We are engaged in negotiations now on a very important rescue package for our markets but more importantly, for our economy and for the American people. I believe that great progress is being made. As I have said before, we will not leave until legislation is passed that will be signed by the President and we will be working through the weekend to achieve that end."
Speech
September 26, 2008
"We are engaged in negotiations now on a very important rescue package for our markets but more importantly, for our economy and for the American people. I believe that great progress is being made. As I have said before, we will not leave until legislation is passed that will be signed by the President and we will be working through the weekend to achieve that end."
Blog Post
September 26, 2008
Today, the House passed the Renewable Energy and Job Creation Tax Act (HR 7060) by a vote of 257-166. The legislation will extend and expand tax incentives for renewable energy, create and retain hundreds of thousands of green jobs, spur American innovation and business investment, cut taxes for millions of Americans, and close loopholes allowing U.S. executives to avoid U.S. taxes by shipping investment overseas.
This legislation is critical for American job creation at a time when the U.S. economy is in crisis, and critical for American families at a time when they are being squeezed by rising energy costs, grocery bills, and unemployment. To reduce our dependence on foreign oil, this legislation would increase the production of renewable fuels and renewable electricity, and encourage greater energy efficiency.
Press Release
September 25, 2008
"It is with great friendship, great confidence in his leadership and great anticipation of the productive conversation that I welcome Mr. President to the Capitol."
Press Release
September 25, 2008
"We're very pleased that the President acknowledged last night in his remarks four of the principles that we had been looking for, which was oversight, forbearance for homeowners, CEO compensation, and equity for the American taxpayer. We think in making this large of investment, the taxpayer should have sole ownership, some upside to it, get some of the benefit of the investment."
Blog Post
September 24, 2008
Today, the House passed Alternative Minimum Tax Relief (HR 7005), to provide critical tax relief to 25 million middle-class families by protecting them from the Alternative Minimum Tax. The bill will provide $62 billion in Alternative Minimum Tax (AMT) relief to ease the strain of rising gas and food prices, and is a critical part of our plan to strengthen the American economy. Though the AMT was put in place to ensure that the wealthiest families did not escape paying taxes altogether, it has grown to be such a problem that it now threatens teachers and firefighters -- a far cry from its original intent.
The legislation:
Blog Post
September 24, 2008
In his speech tonight, the President presented a long overdue assessment of the state of the economy and the urgent need for legislation to respond to the financial crisis.
I was pleased that the President acknowledged the improvements Congress has made to his original proposal, which was unacceptable.
In Congress, we are committed to passing bipartisan legislation that will stabilize the markets, protect taxpayers, establish tough oversight, and curb excessive CEO compensation. And we will pass it soon.