On the recordJuly 25, 2012
I don't know how many deadbeat taxpayers are in Venezuela or Cuba or Iran, but I think it's ludicrous to think that we would want to put American investments in other countries. We're looking at, according to the Mercatus Center at George Mason, a possible capital flight of $88 billion, and this is opposed to maybe, at the high side estimating, we'll recover $800 million from tax cheats, hopefully. That's just not a good percentage. That's not a good investment. That's bad business in any sense of the word. I urge my colleagues to vote in favor of a good commonsense bill that will help our economy recover and help America stay strong. The Acting CHAIR. The question is on the amendment offered by the gentleman from Florida (Mr. Posey). The question was taken; and the Acting Chair announced that the ayes appeared to have it.
