Political Quotes

“Mr. President and fellow Senators, today the Senate is considering four tax protocols. These treaties--and these are treaties--have been approved by substantial bipartisan majorities in the Foreign Relations Committee in multiple successive Congresses. Two of these four protocols were reported out of committee without objection during the four most recent Congresses. It is in the interest of U.S. taxpayers that these be approved, and it is time for these to be approved. I am honored that on my watch, we have finally brought these to the floor and brought them here at this moment to actually adopt these treaties, which will be adopted when the vote is called. Tax treaties benefit U.S. businesses and citizens in a number of ways. Tax treaties create certainty for the business community. They promote a favorable business environment by minimizing uncertainty and helping U.S. businesses grow. In the case of Americans working and conducting business abroad, tax treaties are indispensable in that respect. Tax treaties facilitate trade and investment by preventing double taxation. They provide U.S. taxpayers and investors with greater clarity about their tax burden. They provide tools to ensure that U.S. taxpayers are treated equally and fairly overseas, allowing them to invest and compete abroad with the knowledge that they will not face discriminatory barriers. Tax treaties strengthen the ability of U.S.…”