Political Quotes

“Madam President, 1 week ago yesterday was a fairly typical day in the Senate. The Congressional Record shows Senators used the word ``jobs'' more than 150 times. The following day, a week ago today, the word ``jobs'' appears in the Record 131 times. Just this Monday, a few days ago when the Senate came in at 2 o'clock, ``jobs'' appears in the Record 36 times. So we are talking--and talking a lot--about jobs. Today, Senator Stabenow's bill offers a chance to do more than talk; we can act. The legislation addresses a fundamental flaw in our tax law. At a time when Americans desperately want us to defend American jobs and to give employers the incentives and support they need to hire new workers, our tax law perversely rewards employers for moving jobs to other countries. Today, an American corporation can decide to close a factory in this country, build a new one in another country, claim a tax break for the expense of moving those jobs out of our country, and pay no U.S. taxes on the income that foreign factory earns as long as they leave that income overseas. Our Tax Code, in effect, tells employers: Here is a tax deduction to help you cut your American workforce and move those jobs offshore. That is the effect of our Tax Code. American employers have responded, unhappily.…”