On the recordJuly 30, 2014
I am going to be joined shortly on the floor by Senator John Walsh of Montana and Senator Debbie Stabenow of Michigan, who are going to speak to the bill that is pending before us. Until they arrive I wish to set the context here. We are trying to create incentives in the Tax Code to bring good-paying manufacturing jobs back to the United States, to incentivize companies that will bring jobs from their overseas facilities back into our country and put Americans to work. How we pay for it is we reduce the current subsidies which we give to American companies to ship jobs overseas. Pretty simple. So the vote really comes down to the question of whether Democrats and Republicans in the Senate want to create an incentive in the Tax Code to keep jobs--good-paying jobs--in America, to build the workforce in America so that they have a future, and to discourage shipping American jobs overseas. I don't know what the debate is about. I don't know what Republican can go to a town meeting in any State in the Union and argue that this is not a good idea. It is a very important idea, and it is one that we want to use to repopulate the United States with good-paying jobs and hard-working families getting the kind of money they deserve. We are in the midst of a debate now--a national debate that has touched the State of Illinois--about something called inversion. Most people are not familiar with that term.…
