STATEMENT OF ADMINISTRATION POLICY
House
Amendments to the Senate Amendment to H.R. 2029 – Military Construction
and Veterans Affairs and Related Agencies Appropriations Act, 2016
(Rep. Rogers, R-KY)
The
Administration supports House passage of the House Amendments to the
Senate Amendment to H.R. 2029, making appropriations for Fiscal Year
(FY) 2016, and making permanent vital improvements to tax credits that
benefit more than 24 million working- and middle‑class families each
year.
The
Administration appreciates the bipartisan effort to provide full-year
appropriations legislation consistent with the Bipartisan Budget Act of
2015, which provided significant relief from sequestration for both
defense and non-defense priorities. The legislation would help to grow
the economy and build middle-class economic security by investing in
education, job training, advanced manufacturing, infrastructure, and
research while keeping America safe. Additionally, the legislation is
largely free of new unrelated ideological riders.
In
addition to making permanent vital improvements to tax credits for
working- and middle‑class families, this legislation also would bring
certainty to small businesses, companies investing in U.S. innovation,
and charities, while extending important incentives for hiring and
investing in low-income communities. The agreement would extend tax
incentives for investments in wind and solar energy, driving significant
reductions in carbon pollution and other dangerous air pollutants and
providing certainty for investments in clean energy. The agreement also
would phase out bonus depreciation, which was intended to be a
temporary incentive, saving over $200 billion over the next decade
relative to its indefinite continuation.
The Administration appreciates the bipartisan effort to provide full-year appropriations legislation for FY 2016 largely free
of new unrelated ideological riders, and take a critical step toward a
simpler, fairer tax code and a stronger economy, and urges the Congress
to pass this legislation.
Source: The Executive Office of the President, Office of Managment and Budget
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