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“The budget released today by the House Majority falls short of making sure hard working families get the fair shake they deserve. It provides tax breaks to those who need them the least at the expense of our seniors and those who need them the most, and it turns the guarantee of Medicare and retirement security into a voucher that will shift higher and higher costs to seniors over time.
The Port of West Sacramento said it has been awarded a grant of more than $960,000 from the Federal Railroad Administration for construction of a rail loop track that will increase freight capacity and handling efficiency.
The port is one of 12 recipients that will share $16.9 million in funding to relocate, replace and improve railroad track segments under the FRA's Rail Line Relocation and Improvement grant program.
"With this grant, the port will be able to handle more business, more efficiently," said U.S. Rep. Mike Thompson, D-St. Helena.
Congressmen Mike Thompson, D-St. Helena, and Chris Gibson, R-N.Y., have introduced legislation to give tax breaks for investing in energy storage systems, Thomspon's office announced Thursday.
On any typical day, millions of families, farmers and fishermen in and around the Sacramento-San Joaquin Bay Delta rely on the Delta for their water and livelihoods. Commercial and recreational fishermen have relied on Delta-dependent salmon populations for centuries. The Delta is a vital estuary that supports farmland, fisheries, small businesses and more than 750 plant and wildlife species.
Congressmen Mike Thompson (CA-01) and Chris Gibson (NY-20) announced today that they have joined together to introduce H.R. 4096, The Storage Technology for Renewable and Green Energy 2012 Act (STORAGE) in the United States House of Representatives. The STORAGE Act would provide a tax credit to individuals and businesses when they invest in energy storage systems.
The legislation passed the House by a vote of 246-175, and now goes to the Senate for consideration. The lawmakers responded today after the vote:
Two local congressmen have joined an effort to urge a federal regulator to stop blocking mortgage principal reductions for struggling homeowners.
With the national foreclosure crisis continuing, "a unilateral decision by the Federal Housing Finance Agency to block all forms of principal write-down for loans backed by Fannie Mae and Freddie Mac," is hindering the housing and general economic recovery, the letter signed by 110 congressmen said.
The letter calls for an end to a policy blocking modifications at Fannie Mae and Freddie Mac that could save taxpayers billions.