Political Quotes

“Thank you very much for pointing out the eye of the eagle. We have to keep our eye on this particular prize, and that's rebuilding the American manufacturing sector. I handed this chart to Mr. Tonko a while ago. It really needs a further explanation. What we did beginning in 2000, actually before that, was to develop a FIRE economy--finance, insurance, real estate--not manufacturing. So manufacturing was allowed to decline, and of course real estate, finance, and insurance grew and became the essential economy in the year 2000 to 2010. And, of course, the great collapse in 2007 and 2008 as a result of, as Mr. Tonko said, regulatory oversight disappearing and anything goes. We're reversing that. Mr. Altmire, you talked about the egregious tax policy of giving the tax breaks when companies offshore jobs. It was actually in 2009, just before the new Congress came into effect, that we enacted legislation that eliminated much of those tax breaks. Now, there is more to be done. In the President's budget, he calls for the full elimination of tax breaks to companies that offshore jobs and, as he said here in the State of the Union address, turns that around and gives a tax break to companies that bring jobs back to America. In his budget and in his proposals are specific actions on tax law that we must take to carry out that commitment to American and foreign countries that want to bring jobs back to America. We can do this.…”