Political Quotes

On the recordJuly 17, 2012
You talk about reward and about tax policy, as was I. And let me give you another one, and I know that you and I are working on this together: tax policy. Right now we provide, we Americans provide a tax credit, a tax reduction, for those who put up solar programs or wind turbines. The thing is, that's our tax money. The question is, where is it being spent? Is it being spent on American- made equipment, or is it being spent on foreign made equipment? All too often, those tax subsidies are used to purchase foreign equipment. This piece of legislation which I'm working on together with Mr. Tonko, H.R. 613, basically says that if you're using our tax money, for example, the Highway Trust Fund tax money, for buses, trains, or building roads, then you must spend that money on American-made equipment. Similarly, with solar and wind, if you're going to get a tax credit, if you're going to use American taxpayers' money to build something, then it's going to be made in America. We're going to return the American manufacturing by using our tax money on American-made goods and services. Mr. Tonko, we're nearing the end of our time. Why don't you take a run at wrapping? I get the last 30 seconds. You take the next 90 seconds.
Said by
John Garamendi
Democratic · California

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