U.S. Rep. Bill Pascrell, Jr. (D-NJ-09), a member of the House Ways and Means and Budget Committees, today issued the following reaction to reports stating that Ways and Means Chairman Dave Camp is considering eliminating the federal tax deduction for state and local taxes:“As the co-Chair of Ways and Means’ Bipartisan Tax Reform Working Group on Real Estate, I read with great alarm that Chairman ... Read more »
U.S. Rep. Bill Pascrell (D-NJ-09) today blasted the House majority for blocking the Bring Jobs Home Act (H.R. 851), legislation he authored to help insource jobs back to the United States. The Bring Jobs Home Act, which President Obama highlighted in his State of the Union address earlier this year, will cut taxes for U.S. companies that move jobs and business operations to America from another c... Read more »
In his continued effort to promote American manufacturing, U.S. Rep. Bill Pascrell, Jr. (D-NJ) today introduced the Qualifying Renewable Chemical Production Tax Credit Act of 2013, H.R. 3084, bipartisan legislation which provides renewable chemical producers access to a production tax credit when they create American jobs and reduce our dependence on foreign oil. The legislation, co-sponsored by ... Read more »
Democratic Leader Nancy Pelosi appointed Rep. Bill Pascrell, Jr. (D-09-NJ), a member of the House Budget Committee, to serve on a conference committee to complete a budget agreement. Read more »
With Memorial Day weekend upon us, the start of the summer tourism season is beginning, and Gov. Chris Christie has spent the past week going up and down the Shore to make certain everyone knows it. His tour is to culminate this morning in Seaside Heights, with an appearance on the "Today" show and a symbolic ribbon-cutting that will signal the Shore is officially open for business. Despite the f... Read more »
IN A RARE episode of bipartisanship in Washington, the unfolding scandal at the Internal Revenue Service for targeting conservative groups is being rightly condemned by both Democrats and Republicans, from President Obama to Mitch McConnell. We all agree that freedom of speech is one of our most sacred American values. Americans must have confidence that the IRS operates in a fair, neutral and no... Read more »
U.S. Rep. Bill Pascrell, Jr. (D-NJ-09), a member of the House Ways and Means Committee, today issued the following statement upon release of the Joint Committee on Taxation (JCT) report on the Ways and Means Committee Tax Reform Working Groups. The report includes a summary of present law and suggestions for reform submitted to the 11 Tax Reform Working Groups. "Before we go about overhauling the... Read more »
Today, U.S. Rep. Bill Pascrell, Jr. (D-NJ-09), a member of the House Budget Committee, issued the following statement following the release of President Obama's budget proposal: "President Obama laid out a plan today that reduces our deficit responsibly by using a balanced approach of cuts and revenues, while creating jobs and boosting our fragile economy. The President made it clear he recognize... Read more »
AS OUR ECONOMY recovers from the worst financial crisis since the Great Depression, the story of what led to this economic meltdown is well known. Homebuyers were persuaded to sign up for risky loans. Greedy brokers pushed clients into high-priced mortgages to reap higher profits. And when the housing market turned, and the banks that owned these loans were teetering on the brink of collapse, the ... Read more »
U.S. Rep. Bill Pascrell, Jr., a member of the House Budget Committee, released the following statement today after House Republicans passed the Ryan budget by a vote of 221-207. For the third year in a row, all House Democrats voted against the Ryan-Republican budget blueprint: “The Ryan budget is nothing more than the same policies the American people rejected last November, yet today is receive... Read more »
