Political Quotes

“I would simply like to state for the Record the fact that the Committee on Finance, in dealing with the provisions on the payment of tax by persons who expatriate, was confronted by mixed assessments of the legality of such an action. The International Covenant on Civil and Political Rights, which the United States ratified in 1992, article 12, section 2 states: ``Everyone shall be free to leave any country, including his own.'' The question is whether there is a restriction on this right. The point here is that present law provides that any taxpayer that renounces his or her citizenship for tax avoidance purposes is subject to the current tax on gains on U.S. assets for 10 years. This has been the law for roughly 30 years, but it has not been enforced. It probably has not been enforceable. Regulations have never been issued. And we mean to do, we mean to do. The President proposed this on February 6 in his budget, and what we will do in the end will be applied as of February 6. There will be no windows, no provisions of that kind.…”