Political Quotes

Phil Gingrey: “As for many of these companies--international companies and United States domestic companies that might have an offshore…”

On the recordFebruary 11, 2009
As for many of these companies--international companies and United States domestic companies that might have an offshore location-- the reason they don't bring their profits back into the United States and bring their employment bases as well is due to this tax burden that Representative Bachmann just pointed out in regard to--I think she is right--the industrialized countries. We may have the second highest corporate tax rate of any country. Of course, then you add State and local. So no wonder we're struggling.
Said by
Phil Gingrey
Georgia
Source
govinfo.gov

Editor's note · Context

Discussing the impact of corporate tax rates on companies' decisions to keep profits offshore.

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