Political Quotes

“I would like to announce for the information of the Senate and the public that the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs has scheduled a hearing entitled, ``Abuse of Structured Financial Products: Misusing Barrier Options to Avoid Taxes and Leverage Limits.'' The subcommittee hearing will examine a set of transactions that utilize financial engineering and structured financial products to attempt to avoid paying U.S. taxes on short-term capital gains. Witnesses will include representatives of major financial institutions, as well as tax experts from a nonprofit institution and the U.S. Government Accountability Office. A witness list will be available Friday, July 18, 2014. The Subcommittee hearing has been scheduled for Tuesday, July 22, 2014, at 9:30 a.m., in Room 216 of the Hart Senate Office Building. For further information, please contact Elise Bean of the Permanent Subcommittee on Investigations at 224-9505. ____________________”