I love a debate, but I would like to debate on the facts. The facts are that this is what happened until we had the tax holiday. Now there is a new hue and cry: You did it in 2004; never do it again. Well, I think it is a good thing that Oracle bought up two or three companies that were going to go belly up and that were going to be bought out by a foreign competitor. I think that was good. I think it was good that Cisco Systems added so many jobs--more than 1,000 new jobs. So when my friends stand and they lament the loss of jobs, I lament every job loss in this country. And I say to Cisco Systems: Good for you. You brought the money in and you did the right thing. Did every company do that? No. That is why we have tightened up this bill.
On the recordFebruary 3, 2009
Source
govinfo.govEditor's note · Context
Discussing the impact of tax policy on job creation and corporate acquisitions.
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