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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 17, 2024

it's also unfair because it builds a bias in favoring big companies.

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Seth Magaziner
@sethmagaziner· Democratic · RI· Jan 17, 2024

They passed a budget plan, the so-called Limit, Save, Grow Act, which would have cut the Department of Homeland Security by 22 percent.

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Seth Magaziner
@sethmagaziner· Democratic · RI· Jan 17, 2024

It is my House Republican colleagues who have been derelict in their duty.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 17, 2024

It's only five stories high, only a couple of windows wide, clearly as Kent would say, the business was being done in Ugland House was monkey business, rather than real business.

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Seth Magaziner
@sethmagaziner· Democratic · RI· Jan 17, 2024

What you are going to find here is that if we were to solve this crisis, this committee wouldn't have anything to talk about.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 17, 2024

I think the high point was Senator Johnson's confidence that we may be able to find some bipartisan action here

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 17, 2024

that small firms that don't have the advantage of having these subsidiaries offshore have to pay the full statutory rate.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 17, 2024

My sincere hope is that every Senator here understands the significant incentives multinationals have over domestic companies by paying half the corporate rate on their overseas profits.

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Seth Magaziner
@sethmagaziner· Democratic · RI· Jan 17, 2024

If you care about it, call a vote. If you don't like all of the proposal, call a vote on the parts that you do like.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 16, 2024

I am certain that the Tax Cut and Jobs Act of 2017 also known as the Trump Tax Law, remains divisive in the United States Senate.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 16, 2024

I hope that we can agree that allowing international tax shelters like that... is bad policy.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 16, 2024

The fossil fuel annual subsidy in the U.S. every year is over $600 billion from the International Monetary Fund.

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Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 16, 2024

It's only five stories high, only a couple of windows wide, clearly as Kent would say, the business was being done in Ugland House was monkey business, rather than real business.

congress.gov
Sheldon Whitehouse
@sheldonwhitehouse· Democratic · RI· Jan 16, 2024

Senator Whitehouse has sponsored legislation as one promising way forward.

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Seth Magaziner
@sethmagaziner· Democratic · RI· Jan 16, 2024

Thank you for your willingness to share your experiences and expertise with us today.

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