WASHINGTON, D.C.–This morning, Congresswoman Lynn Jenkins (KS-02) spoke on the House Floor in support of H.R. 4718, a bill to help America invest and create jobs. H.R. 4718 - in which Congresswoman Jenkins is an original cosponsor - passed the House of Representatives by a bipartisan vote of 258 - 160, and now awaits action in the Senate.

CLICK HERE To Watch the Congresswoman’s Remarks

Following are Congresswoman Jenkins’ remarks on the House Floor:

“I rise today in support of this bill to make 50 percent bonus depreciation permanent because it grows the economy and creates jobs. 

“Short of comprehensive tax reform, a permanent extension of bonus depreciation is our best option to grow the economy, create jobs and lift wages. 

“This bill is important to Kansas manufacturers, and to Kansas farmers and ranchers. 

“The Tax Foundation found that permanent bonus depreciation would grow the economy by 1 percent, adding $182 billion dollars to the economy; increase wages and create 210,000 jobs.

“The Joint Committee on Tax, estimates that this legislation will increase economic growth and could reduce the debt by as much as $10 billion.

“But most importantly, today’s bill moves our tax code in the right direction.  It is broad based in that it does not pick winners and losers and does not favor one type of investment over another. 

“Simply, it favors investment in the types of capital goods that create jobs and puts more money in peoples’ pockets.” 

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