DEFAZIO TO SPEAK ABOUT JOB CREATION, TAX CUTS, CHINESE CURRENCY MANIPULATION, AND BIOMASS

October 1, 2010

WASHINGTON, DC- Congressman DeFazio (D-Springfield) will be available Monday, October 4, at 10:30 am at the Wayne Morse Federal Courthouse to give an end of session wrap-up as Congress adjourned on Thursday. He will speak with the media about job creation, the Bush tax cuts, his recent vote in the U.S. House of Representatives to crack down on China’s illegal currency manipulation that harms Americans workers and U.S. industry, and provide an update on biomass issues. DeFazio will also be available to answer questions about other pending issues and current events.

On Wednesday, DeFazio voted in favor of H.R. 2378, the Currency Reform for Fair Trade Act, to protect American workers and U.S. industries. The bill, which passed the U.S. House of Representatives by an overwhelming 348-79 vote, closes a loophole in trade law that has allowed Democratic and Republican administrations to avoid confronting China’s illegal currency manipulation that has cost America millions of jobs. DeFazio has been a long-time leader and respected expert on trade policy in the House.

This week, DeFazio urged Democratic leadership in the House of Representatives to vote on extending the Bush tax cuts for middle class Americans before adjourning. DeFazio also offered his party’s leadership a compromise on extending tax cuts that would help small businesses and encourage job growth in the U.S. while simultaneously reducing the federal deficit. But Republicans in the House and Senate held the vote hostage over extending tax cuts for millionaires, pushing the issues to a Lame Duck session after the November elections.