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David Cicilline
@davidcicilline· Democratic · RI· Apr 18, 2023

Thank you for your testimony and most importantly for the important work that you are doing.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

One of the things that I have experienced in my time in the Senate is the extent to which Congress is responsive to big special interests and to extremely wealthy individuals.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

I watched that get dramatically worse after the Citizens United decision, when wealthy special interests could spend unlimited amounts of money in politics.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

Which they can put into a pricing advantage and crush small businesses with a pricing advantage that they only got by hiding revenue offshore?

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

If we allow companies and wealthy Americans to avoid paying taxes by going offshore, we can assume that they will follow that incentive.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

If you believe in a progressive tax system, they should be paying a lot more than 25 percent, because when one percent of the population gets 22 percent of the entire country's income, more than the entire lower 50 percent, that is such a…

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

I think it is extremely important that we decorrupt and derottenize our Tax Code.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

This is about the tax injustices that are presently baked into our Tax Code.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

This combination of huge amounts of political money flowing into the system from big special interests kept secret from the American public, has dramatically added to the long-term difficulty of trying to have fairness in Congress.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

Senator Whitehouse's proposal and his sponsored legislation shows one promising path forward.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Apr 18, 2023

To run an unjust tax system that creates bigger deficits for the sake of wealthy political influence is not a good place for the United States of America to be.

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Jack Reed
@jackreed· Democratic · RI· Apr 18, 2023

Madam President, today I am introducing the Bank Management Accountability Act along with Senator Grassley. This bipartisan bill will make it easier for banking regulators to claw back compensation from directors and senior executives at…

Congressional Record · 2023-04-18