Bennet Amendment to Extend, Expand Teacher Tax Deduction Passes Committee

Adds Professional Development to Eligible Expenses; Indexes $250 Tax Deduction to Inflation

The U.S. Senate Finance Committee today adopted an amendment by Colorado U.S. Senator Michael Bennet to extend and expand tax deductions for teachers who spend their own money on the job. The amendment, also sponsored by Senator Richard Burr (R-NC), to the tax extenders bill would increase the $250 educator expense tax deduction by indexing it to inflation. It would also allow teachers to use the deduction for professional development, which is often costly expenses for teachers.

Finance Committee Approves Bennet LNG Tax Parity Amendment

Bipartisan Measure Puts LNG on Equal Footing with Diesel Fuel

The Senate Finance Committee today approved a bipartisan measure authored by U.S. Senators Michael Bennet (D-CO) and Richard Burr (R-NC) to put liquefied natural gas (LNG) on equal footing with diesel fuel under the federal highway excise tax. The measure would allow LNG to compete fairly with diesel by taxing LNG on energy output rather than per gallon. The proposal was included in a tax extenders bill that was approved by the committee in a 23-3 vote.

Bennet Secures Wind PTC Extension, Fights Back Efforts to Dismantle It

Wind PTC Extended for Two Years in Tax Extenders Bill Approved by Senate Finance Committee

Colorado U.S. Senator Michael Bennet today secured a two-year extension of the wind energy production tax credit (PTC) in the tax extenders bill approved by the Senate Finance Committee. Bennet also fought back against several amendments designed to phase out and eliminate the credit altogether.

Bennet, Portman, Brown Push for Stronger Currency Manipulation Enforcement in Trade Negotiations

Urge Administration to Hold Foreign Countries Accountable for Hurting Colorado Businesses and Workers Through Currency Manipulation

Colorado U.S. Senator Michael Bennet, Ohio U.S. Senators Rob Portman and Sherrod Brown, and several of their colleagues continued their bipartisan push to crack down on currency manipulation by foreign competitors. In a letter to U.S. Trade Representative Michael Froman and Treasury Secretary Jacob Lew, they urged the Administration to combat this practice that hurts exports, workers, and business through the ongoing trade negotiations.

Bennet, Colleagues Introduce Bill to Correct Record of Service Members Discharged Due to Sexual Orientation

Bicameral Bill Would Help Recognize Gay and Lesbian Service Members for Honorable Military Service

Colorado U.S. Senator Michael Bennet joined Senator Brian Schatz (D-HI) and 21 senators to introduce the Restore Honor to Service Members Act, a bill that will help service members discharged solely due to their sexual orientation correct their military records to reflect their honorable service and reinstate the benefits they earned. A companion bill has been introduced by Rep. Mark Pocan (D-WI) and Charles Rangel (D-NY) in the House of Representatives.

Senate Passes Older Americans Act

Bill Includes Bennet-Backed ‘Locally Grown Foods’ Provision

The Senate last night passed the Older Americans Act Reauthorization Act by voice vote. The bill, which was approved by the Senate Health, Education, Labor, and Pensions (HELP) Committee earlier this year, includes a provision authored by Colorado U.S. Senator Michael Bennet to encourage the use of locally grown foods by nutrition services providers. Bennet is a cosponsor of the bill.
Colorado U.S. Senator Michael Bennet, a former superintendent of the Denver Public School District, today joined 80 senators to pass a long overdue fix to No Child Left Behind. The bill, also known as the Every Child Achieves Act, reauthorizes the Elementary and Secondary Education Act (ESEA), the chief federal law addressing K-12 education. It reforms many of the policies from No Child Left Behind, the previous version of the bill, while maintaining several key policies that have proved successful.