Mike Thompson: “I just want to point out that the President is standing with those of us who support the R&D credit, but he wants it…”

“I just want to point out that the President is standing with those of us who support the R&D credit, but he wants it done responsibly. He wants it paid for, and he wants it part of tax reform. Just like all of us, we support the R&D credit. We want it paid for, and we want it part of tax reform. To suggest that voting against this is standing with China, I find somewhat an ironic statement made by my friend from Texas, given the fact that China already holds so much of the U.S. debt. All this does is empower them more, give them more of our debt. I yield 3 minutes to the gentleman from Texas (Mr. Doggett).”