Congressman Faleomavaega announced today that Chairman Charles Rangel of the House Ways and Means Committee has included a one-year tax extension of 30A tax credits for American Samoa’s canneries in H.R. 3997, a bill Mr. Rangel introduced on October 25, 2007 to amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes. 

“At this time, I want to thank Chairman Rangel and the Committee on Ways and Means for including American Samoa in this tax extender’s package which is expected to come to the House floor soon,” Faleomavaega said.  “While this is not what we asked for, Chairman Rangel has to give equal treatment to all Members who have asked for similar requests.  As he explained, every other tax extender received the same extension of one-year only because this is an $80 billion tax package that needs to move forward without complication or delay.”

“Chairman Rangel has promised to continue to work with me on a more permanent solution for American Samoa, and I will keep our people informed as the matter progresses,” Faleomavaega concluded.