Monday, February 22, 2010

Owens Releases Statement on Advancement of Senate Jobs Bill

WASHINGTON – Congressman Bill Owens today released the following statement on the Senate jobs creation bill, which was advanced past a possible filibuster Monday night. The Senate version of the jobs package contains elements of Rep. Owens’ first piece of legislation, the Rural Jobs Tax Credit Act, which was introduced earlier this month.

“I applaud the Senate for moving quickly on this jobs bill and advancing it through the legislative process. Similar to my bill, this creates a valuable tax credit that encourages small business owners to create jobs right now in Upstate New York. Job creation is my top priority in Congress, and I am working with both Democrats and Republicans to ensure that it remains Washington’s focus as well.”

On February 2, Owens introduced H.R. 4565, the Rural Jobs Tax Credit Act, to spur investment in the Upstate economy by providing a refundable tax credit to any business in a rural area that expands its payroll by at least an inflationary amount. The credit would account for 15 percent of additions to payroll in 2010 and 10 percent in 2011.

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