In this tax policy, we are making a choice to invest in America's future, that is, the working men and women of America, or investing in the very wealthy. All of it with borrowed money. If America is going to make it, then we are going to have to rebuild America's industrial strength. These are choices. There are ways that we can rebuild America's industrial strength. One of them is to stop exporting jobs. Now, the American Tax Code until just a month ago provided a $12 billion annual tax break to American corporations who sent jobs offshore. Yes, that's right. How could that be? Well, it was in the Tax Code. The Democrats said that's wrong, and we passed a tax bill that ended that nefarious, useless, job-harming tax proposal. We brought $12 billion back into the Treasury, put a stop to the incentive for American corporations to ship those jobs offshore. Did the Republicans support that job-creating program? They did not. Only a handful.
Editor's note · Context
Garamendi discusses tax policy choices affecting American jobs and industrial strength.
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