On the recordFebruary 3, 2009
Nobody gains in America when that money sits offshore. They did not gain in 1997, 1998, 1999, 2001, 2002, 2003, and 2004. We had Oracle buying companies that were failing. We had Cisco Systems expanding. Yes, we know there were job layoffs. Of course, we know that. If Pfizer has a problem-- let's just say they have a drug on the market that is causing a problem, they are going to lay off people. They are going to have problems. We do not allow funds to be used for dividends. We do not allow funds to be used for any kind of golden parachutes or CEO pay. We do not allow buybacks of stock. We tighten it up very much. I hope we can get to the 60 votes. I am very confident we will get a majority. I hope we get to the 60 votes. It sends a good message. The message is we do not like money sitting offshore. We want to bring it home and help the banks. We want to bring it home and help the workers. We want to bring it home and invest it in America. That is why it is called repatriation.
Source
govinfo.gov




