American corporations received a tax reduction when they shipped a job offshore. In this House, a bill was introduced. It eliminated that tax deduction, bringing back $12 billion annually to the Treasury, helping the deficit. Our Republican colleagues voted ``no.'' They wanted to continue that tax break. We need to understand that we make decisions here. Policies are important. One example of a policy to use our tax system to help or to hurt American workers, just one. No support from our Republican colleagues to end that tax break. This is about policies that will drive the American economy. We are going to spend the next 30, 40 minutes here focusing on some of those policies and investment. Mr. Tonko talked about space. That was an investment the American people made, and it paid off big-time, whole new industries, millions of jobs were created.
On the recordJanuary 24, 2011
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govinfo.govEditor's note · Context
Garamendi discusses the impact of tax policies on American jobs and the economy.
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