Press Releases
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It is my privilege to testify today before the United States-ChinaEconomic and Security Review Commission. Please let me thank thehearing co-chairs, Chairman Larry Wortzel and Commissioner PatrickMolloy, along with the rest of the Commission, for this opportunity toaddress the increasingly-important topic of sovereign wealth funds andtheir impact on America’s national interest.
“I appreciate the decision by the National Park Service to place a high priority on emergency repairs to the monument, especially in a very difficult fiscal environment,” said Congresswoman Kaptur. “The Perry Victory and International Peace Memorial is an important site that preserves our heritage as a nation.”
The monument column was closed to the public in June 2006 when a quarter-ton piece of granite fell from the 317-foot level and shattered the upper level where it landed. No one was injured, but the monument column was closed for slightly more than two months. A subsequent report revealed moisture in the column was causing the concrete to crack.
The EarnedIncome Tax Credit (EITC), sometimes called the Earned Income Credit, is arefundable federal income tax credit for low-income working families andindividuals. Eligiblefilers usually end up with more money in their pockets, either by reducing theamount of tax they owe or providing them with a refund when the EITC exceedsthe amount of taxes owed.
Here are some frequently asked questions about the Earned Income Tax Credit from the IRS:
Question: Who can claim the credit?
Answer: To claim the EITC on your tax return, you must meet all of the following rules:
I am truly disappointed by the President’s emphasis onfixing the economy using a flawed trade model and tired, old economicstrategies. The President advocates the same job-killing trade policies thathave outsourced good jobs for decades. If he wants to turn the American economyaround, he should not be encouraging more free trade agreements, but workingwith Congress to develop a new trade model that creates jobs and benefits thosewho work hardest building a stronger America.
The President again noted that we must reduce our dependenceon oil. During his Administration, our nationis importing a billion more barrels of oil annually.
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Rising unemployment, rising food, fuel, and health care costs, the homeforeclosure crisis, rising budget and trade deficits --all demandattention and action. A short term fiscal stimulus that reachesAmerica's workers, families, and communities is a step in the rightdirection. To build our nation forward at home again, and stem theoutsourcing of living wage jobs, requires more than a short-term fix.Our goal must be to invest here at home, and to export more than weimport to recapture dollars forfeited abroad.
"The UnitedStates cannot continue to watch as ournation bleeds capital, jobs, and security," Kaptur said. "The small steps ournation is taking are barely enough to slow the bleeding, and not nearly enoughto cure the injury. America needs a new trade policy."
The surge in deficit, blamed on rising oil prices anddecreases in exports, is a symptom of a flawed trade policy, Kaptur added,noting that Congress has yet to consider any legislation that reforms U.S.trade policy.