This is perhaps the most stunning thing I have learned fairly recently. It is even possible under our Tax Code for the cost of operations of that facility to be deducted currently, while the tax on the profits or the income of that…
Mike Levin
The Public Record
Mike Levin is an American politician serving as the U.S. Representative for California's 49th congressional district since January 3, 2019. A member of the Democratic Party, Levin has focused on issues such as climate change, healthcare, and reproductive rights during his time in office. He has been an advocate for policies that promote access to in vitro fertilization and has emphasized the importance of bipartisan cooperation in Congress.
If they are building a plant overseas, the cost of that plant can be deducted currently?
Mr. President, I wish to start by thanking Senator Whitehouse who has shown such strong leadership on the issue we are going to be discussing this afternoon, which is how do we get out of the sequestration box we are now in. I also wish to…
These are justifiable tax deductions. What we are talking about are the unjustifiable ones which shouldn't be there. As the Senator points out, we are not proposing tax rate increases. The way I phrase it is I am talking about collecting…
If the Senator would yield for a question, if that position were taken by all of us, that is a guarantee of inaction?
Mr. President, at the beginning of March, when Congress's failure to reach a compromise on deficit reduction triggered sequestration, some in Congress were ready to declare victory. ``Sequestration will take place . . . [and] I am…
I wish to make one more comment about offshoring. My dear friend from Rhode Island knows that my permanent subcommittee has done a lot of work on the tax breaks for offshoring. In addition to what the Senator said about delaying the tax on…
Madam President, through no one's fault but my own, I got here a couple of minutes late for the last amendment, the vote on the Feinstein amendment. I would have voted aye had I gotten here in time. The Senator from Michigan.
Again, if my friend would yield, the name of the bill which the Senator cosponsored is called Cut Unjustifiable Tax Loopholes. There are plenty of tax deductions which are totally justified. Mortgage interest is justified, accelerated…
Mr. President, I support the resolution on Iran that we are voting on today, and I hope it sends a strong message to Iran as it continues to flout the international community in pursuit of a nuclear program that is a significant challenge…
Mr. President, for the Committee on Armed Services I report favorably the following nomination lists which were printed in the Records on the dates indicated, and ask unanimous consent, to save the expense of reprinting on the Executive…
May I inquire as to how much time remains on each side? The SPEAKER pro tempore. The gentleman from Michigan (Mr. Levin) has 9 minutes remaining, and the gentleman from Michigan (Mr. Camp) has 10\1/2\ minutes remaining.





