Political Quotes

“Madam Speaker, I move to suspend the rules and pass the bill (H.R. 519) to secure the return to the United States the $179 million overpaid into the United Nations Tax Equalization Fund as of December 31, 2009, and for other purposes. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 519 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``United Nations Tax Equalization Refund Act of 2011''. SEC. 2. FINDINGS. Congress finds the following: (1) Approximately $180 million in United States taxpayer funds overpaid to the United Nations remain in the hands of the United Nations because the United States has not requested the return of those funds. (2) The funds were paid into the United Nations Tax Equalization Fund (TEF), which is used to reimburse United Nations staff members subject to United States income taxes for the cost of those taxes. (3) In recent years, the TEF has taken in considerably more money than it has paid out, with the United States apparently overpaying into the TEF by $52.2 million in the 2008-2009 timeframe alone. (4) According to the United Nations Financial Report and Audited Financial Statements released on July 29, 2010, ``As of 31 December 2009, an amount of $179.0 million was payable to the United States of America pending instructions as to its disposition.''.…”