Chris Dodd: “My staff gave me some other information. I have mentioned others. Tax experts now say Indian-chartered accountants, the…”

“My staff gave me some other information. I have mentioned others. Tax experts now say Indian-chartered accountants, the subcontinent version of certified professional accountants, will prepare somewhere between 150,000 and 200,000 tax returns this year. That is up from 20,000 last year. I am not making up these numbers. The trend lines are moving at a very rapid pace. In this case here I am not suggesting these are necessarily being paid for with Federal tax dollars. I don't know that. If it is not, obviously we are not covering the situation and these firms that want to continue doing it unfortunately will be able to continue. But if they were doing it with Federal tax money, I say no, just as my colleague from California says no. If someone with their own dime wants to decide they are going to ship rice or whatever products and use someone else offshore, that is one thing. But when they are using taxpayer money to do that, that is when we have an obligation to stand up and say no.”