President Obama recently recognized the leadership of Congressman Lloyd Doggett for his work to close tax loopholes and end the use of tax havens. To view a video of the President's remarks click here.
As a senior member of the House Ways and Means Committee, I questioned U.S Treasury officials and tax law experts about banking secrecy practices that allow the very wealthy to conceal more than $1.5 trillion in offshore tax havens.
As part of President Obama’s economic recovery legislation, I authored provisions which provide a $14 billion tax cut designed to help those seeking higher education with a tax credit for tuition and instructional materials. 346,000 Texas families, mostly the working poor, who previously received no tuition tax credit will now qualify.
As a service to constituents, I have assembled this Guide to the American Recovery and Reinvestment Act. You can view the guide by clicking here