WASHINGTON – U.S. Senator Maggie Hassan released the below statement following House passage of a major economic package that will complement the bipartisan infrastructure bill passed earlier this month:
“While we have details left to finalize through the Senate process, the House-passed economic package includes important provisions that would help lower costs for Granite Staters and get people back to work.
“The package would put money back in people's pockets by taking the most significant step in nearly two decades to lower prescription drug costs, as well as by continuing tax cuts for parents through the Child Tax Credit, lowering health insurance premiums, and expanding access to paid leave. It would enable more people to get back to work and support families by investing in workforce training programs, higher education, child care, and high-quality home and community-based care for seniors and individuals with disabilities. And it takes decisive action to combat climate change.
“I am also encouraged that this bill includes a bipartisan amendment that I authored to double the R&D tax credit for startups and small businesses, which would help New Hampshire small businesses keep creating good jobs and help our innovation economy thrive.
“This economic package, combined with our bipartisan infrastructure bill, would help get people back to work and lay the foundation for America's future economic strength.
“These priorities are paid for by ensuring that billionaires and the largest corporations can no longer avoid paying their taxes, and without raising taxes for families making less than $400,000 a year. Though we still have work to do on this legislation, we have the opportunity now to reduce costs and improve the lives of Granite Staters while strengthening the future of our economy, and I look forward to working with my colleagues to reach consensus.”