Chuck Grassley: “My point is, those who want to distort this bill by describing it as a special interest bill are ignoring a couple…”

“My point is, those who want to distort this bill by describing it as a special interest bill are ignoring a couple things. One, they are ignoring--perhaps conveniently, perhaps deliberately--their own efforts to advance their interests. Secondly, as I have said before, this bill is paid for by raising revenue, largely by closing abusive corporate tax loopholes. Let the record be clear that this bill is fair, this bill is balanced. It is a balanced effort at resolving four objectives. One objective is ending the European tax on our exports going to Europe that are legal and legitimate, even though I disagree that it should have been done. I disagree with that decision. The United States lost a World Trade Organization decision that our previous tax laws were violating the agreements that Congress had made with Europe, Congress made, because we passed these trade agreements as law.”