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Rep Walberg introduced legislation this week to help lower taxes and bring more certainty for individuals and small business owners.

Specifically, H.R. 6225 would make tax cuts permanent, eliminate the death tax, index the capital gains tax for inflation, and include an alternative minimum tax (AMT) patch for 2012.

Rep Walberg released the following statement following the bill’s introduction:

U.S. Representative Tim Walberg voted in support of H.R. 2930, the Entrepreneur Access to Capital Act, and H.R. 2940, the Access to Capital for Job Creators Act. Both of these bills will help enable small businesses and entrepreneurs to access funds for job creation.

Congressman Tim Walberg has joined with the Library of Congress to preserve the memories of our American war veterans through the Veteran’s History Project. The program will connect Michigan’s veterans with volunteers and family members who will record the personal narratives through audio, visual or written accounts and store them in the Library of Congress’ archives.

Today, the House Committee on Oversight and Government Reform examined the extravagant bonuses given to top executives at Fannie Mae and Freddie Mac. The hearing entitled, “Pay for Performance: Should Fannie Mae and Freddie Mac Executives Be Receiving Millions in Bonuses?” questioned Fannie and Freddie’s CEO’s concerning this issue.

Today, Congressman Tim Walberg voted with 260 of his colleagues in favor of H.J. Res 2, which proposes a Balanced Budget Amendment to the Constitution. However, the resolution did not receive enough votes to pass, because a two-thirds vote is required for passage of a Constitutional Amendment. Two-hundred and sixty-one Members voted “yes” and 165 voted “no.” The legislation would require a balanced federal budget, with exceptions for times of war. Since President Obama has taken office the national debt has increased 34%, the fastest increase under any administration in history.

Congressman Tim Walberg is encouraging constituents to support their local and small businesses this Saturday, one of the busiest shopping days of the year. The day will mark the 2^nd annual “Small Business Saturday”, a national initiative to drive shoppers to small businesses in their own towns and cities. Small businesses create about 7 out of every 10 new jobs in the country and they employ just over half of the country’s private sector workforce.

Today, U.S. Representative Tim Walberg voted in favor of H.R. 674, legislation that will repeal the 3% withholding rule that is scheduled to take effect in 2013. This rule would require federal, state and local governments to withhold 3% of the payments to vendors for purchased goods and services. Many businesses, including family farms, construction companies and trucking firms, operate on slim profit margins, and this rule would impose a substantial new burden that undermines their ability to create jobs.