Courtney Statement on the Passage of the End-Of-Year Tax Bill
WASHINGTON—Today, Congressman Joe Courtney (CT-2), made the following statement after the House of Representatives voted to pass an end-of-year compromise package on so-called ‘tax extenders’:
“I am pleased that the Congress was able to reach an acceptable bipartisan compromise today to extend a number tax provisions important to low and middle-income Americans, as well as the small businesses that drive our economy,” said Courtney. “The agreement today makes permanent the Earned Income Tax Credit and the Child Tax Credit which were set to expire in 2017 had we not acted, as well as the Research and Development credit which is critical to many cutting edge industries and small-startups across the country and in Connecticut. I was particularly pleased that the mortgage debt forgiveness provision, which is a critical tool to keep the Connecticut real estate market moving forward, was extended for two years. While not a perfect compromise, it should provide some much needed stability and confidence for our economy as we head into the New Year.”
The agreement reached today will address a number of tax provisions, some of which expired at the end of last year. It makes a number of these credits permanent, while expanding a smaller number of them for five years through 2019, and the rest until 2016.
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