Congresswoman Ileana Ros-Lehtinen, a senior member of the Florida Congressional Delegation, is pleased with today's votes in the House to grant tax benefits to veterans, active duty servicemen and certain volunteers as well as safeguard the market, supply, price and distribution of oil, natural gas or other petroleum products and thus protect the American consumer.
H.R. 6081, the "Heroes Earnings Assistance & Relief Tax Act of 2008" will modify tax provisions to grant tax benefits to veterans, soldiers and some volunteers first responders like firefighters. In order to pay for the tax reductions, the bill will increase penalties on individuals and businesses for failure to file accurate and timely tax returns.
H.R. 6074, the "Gas Price Relief for Consumers Act" would amend the Sherman Act to make it illegal for any foreign state or any subsidiary of any foreign state to act collectively with any other foreign state or company pertaining to that entity to:
· Limit the production or distribution of oil, natural gas, or any other petroleum product.
· Set or maintain the price of oil, natural gas, or any petroleum product at levels that are not consistent with supply and demand or to take any action to restrain the trade of oil or natural gas.
Said Ros-Lehtinen, "Both of these legislative projects offer our citizenry a good start to help them keep more of what they earn and also send a clear message to foreign governments that to toy with petroleum or gasoline prices is to invite penalties from the US government because our priority is to bring some normalcy back to the exorbitant price hikes of gasoline and oil. I am proud that both measures were approved and of the possibilities they offer."