Senator Chris Dodd (D-CT), Chairman of the Senate Committee on Banking, Housing and Urban Affairs, issued the following statement this evening after the Senate confirmation of two key members of President Obama’s economic team who were recently vetted by the Committee.  The Senate confirmed by unanimous consent Mr. Shaun Donovan to be Secretary of the U.S. Department of Housing and Urban Development and the Honorable Mary Schapiro to be Chairman of the Securities and Exchange Commission.

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“Strengthening America’s energy security by reducing our dependence on foreign oil and addressing the threat of global climate change will require transforming our transportation sector.  Promoting a new generation of fuel-efficient vehicles is critical to this effort.  Toward that end, I wrote last week to Chairman Baucus requesting that the Senate Finance Committee extend the alternative motor vehicle tax credits.  That is why I am pleased that the Finance Committee acted today to support additional tax credits for fuel-efficient alternative motor vehicles and plug-in hybrids.  I commend Chairman Baucus and the other members of the Committee for recognizing the importance of encouraging manufacturers to continue investing in innovative technologies, and for enabling Americans to make cleaner, greener choices that advance our nation’s economic, energy, and environmental interests.  I am hopeful these important alternative vehicle tax incentives will be retained throughout the legislative process, and ultimately enacted into law.  I will continue to press to ensure that result.”

Measure will protect Connecticut telecommuters from New York taxation

In an effort to protect telecommuters in Connecticut and nationwide from unfair double taxation, Senator Chris Dodd and Representative Christopher Shays yesterday reintroduced a measure to prevent the State of New York from levying taxes on Connecticut telecommuters for work they perform in Connecticut.  Senator Lieberman is an original cosponsor of the legislation in the Senate.

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Remarks as prepared.

Mr. President, I send a motion to the desk and ask for its immediate consideration.