In the News

Congressman Connolly released the following statement in support of the tax extenders package:

“The tax extenders bill is an important victory for Northern Virginia and a step forward for the nation.  Like President Obama, I believe this package represents a bipartisan compromise that makes permanent a number of improvements to tax credits benefitting working and middle-class Americans, while encouraging U.S. companies to invest in innovation. But most importantly, it is a great deal for Northern Virginia.

It permanently extends the Research and Development Tax Credit, critically important to the success of Northern Virginia’s high-tech industry, fostering innovation and American competitiveness. It invests in middle-class families by making permanent the Earned-Income Tax Credit, the enhanced child tax credit, and theAmerican Opportunity Tax credit to make college more affordable. It restores long-overdue transit benefit parity, putting money back in the pockets of transit riders and improving Metro’s financial outlook at a critical time for the system by offering an incentive for expanded ridership. It extends environmental and conservation tax credits necessary to develop a 21^st century clean energy future. And it protects charitable donations that help community non-profits serve those in need. For all those reasons, I joined President Obama and 76 other Democrats in supporting this legislation.”