Political Quotes

“I only want to take a second here. I notice one of our colleagues from Texas has joined us. She is a strong advocate of returning American manufacturing. I want to thank our colleague from the great State of Hawaii for bring to our attention the critical importance of transportation on the sea and in the American flag. Just for a moment, she caused in my mind a memory to return about an article that I read about where the ship is flagged. That is where it is licensed. I recall that I think it is from Florida, the Carnival Cruise lines, a billion-dollar operation with the ships actually flagged, I believe, in Panama. Interestingly, the tax that they pay to the U.S. Government, that is their corporate income tax--zero, nada, nothing--largely because they are able to avoid the American laws by flagging their ship offshore. We need these ships flagged in America for many reasons, and certainly the issue that she raised about national defense. Corporate tax policy, the R&D tax credit, another one of the bills that the Democratic Caucus has put forward to permanently put in place the research and development tax credits so that we can expand the genesis, the beginning of tomorrow's manufacturing, which actually comes through the research. I can go on and on about that. Representing California, we think research is really, really important.…”