Political Quotes

“I am going to pick up right on the issues that you raised. These are the essential elements of a manufacturing strategy. So if we are going to make it in America, we need to make things in America and these are the essential things. You talk about trade policy. We cannot continue just to give it all away and just expect to be importers of cheap products made elsewhere. So we need good trade policies that position America's manufacturing sector to be competitive. We speak specifically here of China, a lot of issues involved in China, currency; and it goes on and on. But this is one of the areas where we must stand firmly or else we will lose it because somebody else is going to make it and ship it here. Unfairly, taxes. The tax policy of the Nation needs to encourage manufacturing. I want to give two examples that were part of the Democratic agenda, and these are now in law. Last year, as part of our program, we provided a tax break for American manufacturers who invested in capital equipment. We said, don't worry about depreciation. You invest in capital equipment, that is grow your manufacturing capacity and you could write off against your taxes in 1 year, that investment. That's a tax policy. The second tax policy we said is it's not right for American corporations to get a tax break when they offshore jobs. We said enough of that. No more, you are going to do that. On both of these policies, our Republican colleagues refuse to join us.…”