Political Quotes

“You also, Mr. Tonko. You have been here night after night with the same theme, the Make It In America theme. You went through these so very, very well, a trade policy that really positions America to once again be the manufacturer for the world. Tax policy, we've done a lot on tax policy already. Let me just mention two things. One we did last year. Unfortunately, none of our Republican colleagues were with us on that, but at that time the Democrats had the majority. We eliminated about $12 billion of tax breaks that American corporations received. Our tax money was given to those American corporations for shipping jobs offshore. What? You mean they got a subsidy for shipping jobs offshore? They did. We ended it. So those are the kinds of tax policies we're talking about. Now the President has proposed a continuation of another tax policy that we put in place last year. He wants to continue it as part of the American Jobs Act, and that is to give a business the opportunity to expense in 1 year, in 1 year, the cost of capital equipment so that it's not depreciated over 7 years. That's an enormous advantage for a business to make the capital investment. Now, there is one thing that I would add to that.…”