Political Quotes

“Let me pick up one of the issues the President has been talking about recently, and we actually worked on this more than a year and a half, almost 2 years ago, and that was the tax policy. At the outset, I talked about policies, tax policies being one of them. American tax policies until December of 2010 actually allowed and gave to American corporations a tax reduction, a tax break when they offshore jobs. Send a job oversees and reduce your taxes. Hello? How could that be? I don't know where it came from, but that was the law of the land until the Democrats, then in control of Congress, pushed through a piece of legislation that ended $12 billion a year of tax breaks for corporations that offshored, sent jobs oversees. I will just note parenthetically that not one Republican voted to end that extraordinarily damaging tax proposal that rewarded companies with lower taxes when they offshored jobs. Not one Republican voted to repeal that law. However, the Democrats stood together, the President signed that, and it is now the law. There is still about another 4, 5, maybe $6 billion of tax breaks that companies get when they offshore jobs. We've been working to eliminate those, and the President talks about it very often. He also talks about something that we should do, and that is to reward the onshoring of jobs. When companies bring the jobs back home, they should receive a tax break.…”