Rep. Sánchez Votes to Create American Jobs, Cut Taxes, and Close Loopholes that Encourage Companies to Invest Overseas

Washington, DC - Today, Rep. Linda Sánchez voted for H.R. 4213, the American Jobs and Closing Tax Loopholes Act, legislation that would provide vital tax cuts and support for American workers while also investing in American jobs through tax relief for businesses and investments in infrastructure.

"This is a jobs bill," said Rep. Linda Sánchez. "I want to see ‘Made in America' make a comeback. This bill spurs job creation through tax cuts and loan relief to small businesses, as well as bond provisions to fund infrastructure improvements in our cities and towns."

The American Jobs and Closing Tax Loopholes Act will support more than a million American jobs by helping restore credit to small businesses, extending the R&D tax credit, rebuilding American roads and bridges, and closing tax loopholes that encourage businesses to move jobs overseas and allow hedge fund managers to pay lower taxes than their secretaries. The bill also extends unemployment benefits for Americans who lost their jobs through no fault of their own.

"This bill is about whose side you're on," continued Sánchez. "I'm on the side of middle class families – funding summer youth jobs and building the foundation for a healthy, growing economy. Those Republicans who voted no are saying no to millions of Americans who lost their jobs through no fault of their own, and no to tax benefits for families trying to pay for college or businesses trying to create jobs."

The tax benefits to middle class Americans – including property tax and college tuition deductions – are paid for by closing the tax loopholes that big businesses have exploited to ship jobs overseas and that allowed Wall Street billionaires to pay a much lower tax rate on their income. The bill also promotes corporate accountability for the oil industry, boosting the amount oil companies must pay into the Oil Spill Liability Trust Fund – so taxpayers are never stuck with the bill for the risky practices of the industry.

In addition, the bill ensures seniors can keep their doctor by preventing cuts in Medicare physician payments. These provisions will ensure that Medicare beneficiaries, as well as military families enrolled in TRICARE and military retirees enrolled in TRICARE for Life, will continue to have access to the doctors of their choice and the same high quality care that they have today.

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