Political Quotes

On the recordFebruary 7, 2012
Beyond that, let's talk about the specific policies that we've been discussing here in the House--legislation that has been introduced--that will bring back the American manufacturing sector because, indeed, it was specific laws that were written here over the years that were largely, in my view, responsible for that outsourcing of jobs. It's an interesting word, ``outsourcing.'' Until December of 2010, an American corporation could receive a tax cut for every job it outsourced. That's largely over. There is a little bit more to be done, but most of those tax breaks have been eliminated by a law that was passed by the Democrats--not one Republican voted for it--eliminating the tax break for the outsourcing of American jobs. The President said it so very well in his State of the Union. He said that we should not reward companies for sending jobs overseas; rather, we should reward them for bringing those jobs back to the United States. That can be done by some of the policies that we're talking about. The President signed a bill, authored by Democrats and voted on by all Democrats and a few Republicans, that actually encouraged that by giving companies a 100 percent immediate expensing of all capital equipment that they would invest in the United States. Those are two examples. I know you've got some that you've been interested in, that you're actually authoring, and you may want to talk about those. Then we'll come back and talk about the specific things that we can do.
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John Garamendi
Democratic · California

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