Political Quotes

“I yield myself 2 minutes. The minority comes here and talks about wishing to be back at a jobs fair for those who are unemployed and looking for work, having voted against continuing unemployment compensation for those out of work and looking for it. The minority comes here talking about help for small business, having voted against Democratic bills to help small business. On this bill this is not an increase in taxes on job creation. What it is is closing a tax loophole used by some to escape taxes and thereby encouraging them to ship jobs overseas, purely and simply. This is a fact: U.S. companies that operate overseas owe taxes when they return that income to the U.S. They get a foreign tax credit for the taxes they paid overseas. What some companies are doing is using those tax credits not against income brought back home but against income obtained elsewhere. This is a tax loophole purely and simply, and closing a tax loophole used by a few is fair taxation policy for everybody else. That's what the people of this country demand: Close tax loopholes that help shift jobs overseas. We're doing just that in this bill, as we have done several other times in the House of Representatives. Madam Speaker, I and Ways and Means Committee Ranking Member Camp have asked the nonpartisan Joint Committee on Taxation to make available to the public a technical explanation of the revenue provisions included in the Senate amendment to the House amendment to the Senate amendment to H.R.…”