Political Quotes

“That is exactly right, Mr. Speaker. If a corporation deducts interest expenses on investments overseas, and that would include building a new manufacturing plant offshore somewhere. So we don't want to be rewarding corporations that are avoiding U.S. taxes and offshoring American jobs and giving them benefits. So the Patriot Employer Act fixes that. It raises taxes on corporations that offshore and reduces taxes on businesses that invest in good, American jobs. The President talks about America first. This is exactly the kind of thing that we should be doing. Let's not create incentives to take those jobs away. But still, the Trump-GOP tax plan is a betrayal of American workers. I don't know if he knows that. It does nothing to raise wages. In fact, 80 percent of the plan's tax cuts would go to the top 1 percent of earners. At the same time, 30 percent of middle class families--$50,000 to $150,000--would actually see a tax increase under the plan. As for corporate taxes, it doubles down on the problem in the current Tax Code. While our current Tax Code lets multinationals put off paying taxes on offshore profits, the new Republican plan would give permanent tax breaks for offshoring. The Republican tax plan means less revenue for investments that grow the middle class, like education and infrastructure, which we need so badly, which he said he wanted to do. We want to do it with him. It means more jobs shipped abroad.…”