Peter Roskam: “I direct the membership's attention to an argument the ranking member made a couple of minutes ago where he criticized…”

“I direct the membership's attention to an argument the ranking member made a couple of minutes ago where he criticized repatriation efforts in the past. He is right; they underperformed. Why did they underperform? They were a holiday. It was temporary. So we learned from that. I wasn't around when it happened, but we have learned from that, Mr. Speaker, and we are saying let's not do that again. Let's have a permanent policy that unlocks American dollars that are locked out overseas right now. Most folks think it is between $3 trillion and $4 trillion that can come back home. Where does that come back home? It will come to the Sixth Congressional District of Illinois. It will go to Massachusetts. It will go to Texas. It will go to all of these places to be reinvested. Why? This is a dynamic, vibrant economy that can become better. This is an attractive place. We just need to make it better. The other argument that he made, essentially, is: Look, is this really going to create growth? He is right to point out that not all tax cuts are created equal as it relates to growth. The whole purpose, though, is not simply growth. It is also tax relief. I have got a constituency that got jammed by Democrats in the Illinois General Assembly this year with a massive tax hike on the middle-income folks in Illinois. They need relief. So part of this is to offer relief.…”