Doris Matsui: “I just have to say that I am not sure if the gentleman and I are reading from the same bill, because he talks about…”

“I just have to say that I am not sure if the gentleman and I are reading from the same bill, because he talks about stimulating the economy; but as I read these tax provisions for corporations, that is not what this does. He has a provision in there that would eliminate the alternative minimum tax, not for individuals, but for corporations. As the Congressional Budget Office has said, this helps corporations from their past activities, it does not stimulate the economy. There is a provision in there that encourages corporations to keep their earnings overseas and not invest in the United States. That costs about $13 billion or $14 billion over the next 10 years. That does nothing to stimulate the economy. In fact, it works in the opposite direction. The tax provisions in this particular bill do very little to stimulate the economy of the United States. In fact, they are really corporate handouts as a result of a commitment made to the U.S. Chamber of Commerce last year when the chamber decided not to put corporate tax breaks on their individual tax cut bill.”