Promoting American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 4213).
06/16/10 1:42PM



May 19, 2010

Tomorrow will be an important day in the House of Representatives. It is expected to take up the Promoting American Jobs and Closing Tax Loopholes Act of 2010 (H.R. 4213). The UAW and the rest of the labor movement strongly support this legislation. It would:

Continue federal unemployment insurance (UI) and COBRA benefits for unemployed workers through the end of the year. These benefits are now scheduled to expire on June 5.

Provide assistance to hard-pressed states by increasing the federal share of Medicaid (known as FMAP), this will help many states avoid having to lay off first responders, teachers and other workers.

Provide financing for infrastructure projects and summer jobs programs.

Give companies additional time to fund shortfalls in their pension plans that were created by the sharp drop in the stock market, this will prevent many employers from being forced to cut back on investments that are vital to the creation of jobs.
These important initiatives are paid for, in part, by closing the carried interest tax loophole that currently allows hedge fund managers to pay lower taxes on their income than ordinary workers.

Please contact your representative right away. Urge them to vote for H.R. 4213. Tell them this legislation is critically important -- both to ensure that unemployed workers continue to receive vital assistance, and to help create jobs for American workers.

You can use the following toll-free number to call your representative: (866) 960-0611.

Thanks in advance for your help on this important issue.


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