Working with a sense of urgency to move the American Recovery and Reinvestment Plan through Congress, U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) and the House Ways and Means Committee today approved $275 billion in tax cuts to relieve families, reinvigorate business and restore the economy. Pascrell, a long time advocate for expanding child tax credits and the Earned Income Tax Credit (EITC) was part... Read more »

With business flagging on Main Street and backstreets all across America, U.S. Rep. Bill Pascrell, Jr. (D-NJ-08), a member of the House Committee on Ways and Means promptly introduced an emergency tax incentive to begin the new session of Congress. The Auto Ownership Tax Assistance Act, which is designed to relieve consumers, stimulate automobile sales and stem job loss would make sales tax and i... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) today joined with members of the House Committee on Ways and Means in a letter urging President-elect Obama to repeal the authority of the IRS to use private collection agencies. A copy of the letter follows and a PDF is attached. December 16, 2008 President-Elect Barack ObamaThe Office of the 2008 Presidential TransitionWashington, D.C. 20270Dear President-... Read more »

In the wake of the U.S. Senate’s failure to extend a bridge loan to auto manufacturers, U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) today urged the White House to intervene on behalf of the auto industry by tapping the TARP program. “Given the hard work and concessions made between Congress, the White House and autoworkers to reach an agreement that would temporarily aid the auto industry, I am appall... Read more »

WASHIGTON—U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) today voted to approve the Auto Industry Financing and Restructuring Act in the House of Representatives. “The bridge loan approved in the House this evening will allow an important piece of America’s manufacturing sector to breathe another day,” stated Pascrell. “It will help preserve jobs during this recession and give carmakers one last chance t... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) today joined Governor Jon S. Corzine, Senator Robert Menendez and others in announcing $51 million in federal Neighborhood Stabilization Program (NSP) grant funding for the state of New Jersey. $2.2 million will be invested in Paterson for the purchase of 10 properties. The Neighborhood Stabilization Program (NSP) provides grants to every state and certain l... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) today released the following statement in response to President-elect Barack Obama’s announcement of his economic team: “I applaud President-elect Obama for swiftly assembling America’s most talented, experienced and pragmatic economists to spearhead this historic recovery effort. Led by Tim Geithner, the President-elect’s team fully understands how our stru... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) a member of the House Committee on Ways and Means today introduced an emergency tax proposal designed to relieve consumers, stimulate auto sales and boost the economy. The Auto Ownership Tax Assistance Act would makes sales tax and interest payments on car loans tax deductible from November 12, 2007 through December 31, 2009. “As Congress considers ways to he... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) today held a roundtable with Passaic County automobile dealership owners to discuss the struggling auto industry and ways for Congress to stimulate business at local dealerships. With valuable input from the roundtable, Pascrell drafted a letter to House Speaker Nancy Pelosi requesting that a number of emergency consumer tax deductions and credits be conside... Read more »

U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) a member of the House Committee on Ways and Means today announced that www.pascrell.house.gov will host the names of taxpayers in Essex and Passaic counties who must update their address with the Internal Revenue Service (IRS) in order to receive stimulus or refund checks. Address changes must be made by November 28, 2008. “The purpose of the economic stimulu... Read more »