Bono Mack Introduces Tax Relief Bill For Those Left Without Work
In an effort to help provide tax relief for Americans facing extreme financial pressure in these tough economic times, Congresswoman Mary Bono Mack (CA-45) today introduced legislation (H.R. 4718) to suspend federal income taxes on those Americans who have been forced to collect unemployment compensation due to the loss of jobs and/or inability to find a new job as a result of the current tough economic climate. Bono Mack issued the following statement:
"This legislation offers tax relief to individuals and families who have been hardest hit by this economic crisis and helps them with additional resources to make ends meet during these tough times," said Bono Mack. "Over 10% of Americans are currently unemployed and over 14% of local residents in Riverside County. This bill will provide help at a time when individuals and families need it the most.
"Relieving the tax burden is an important part of the pro-growth policies that will help get our economy running again and get more Americans back to work."