Dan Coats: “I thank the Senator from Pennsylvania for listing those companies. Many of those same companies have facilities in…”

“I thank the Senator from Pennsylvania for listing those companies. Many of those same companies have facilities in Indiana. In fact, Cook International was founded by Bill Cook in Bloomington, IN, initially working out of his study in his home. Now it is an international company providing thousands of jobs across the country, in Pennsylvania, in Indiana and other places. Unfortunately, Bill passed away this year. That company is going forward. But there were five new facilities hiring that are now put on hold as a result of this tax being imposed on their gross sales--not on their profits, but on their gross sales. So you can take in $1 million, but it costs you $2 million because you are developing a new product. You lose the million and the government says: We are going to tax you on every penny that you took in regardless of whether you made a profit or not. It is just unthinkable. Thankfully, a majority of Democrats have joined us in this effort. We got 79 votes out of 100 to repeal this. Yet we are not able to vote on it. Why are we not able to vote on it? Because the White House does not want to lose that money coming in that is so egregiously taxed to pay for some of the unaffordable care act. That is one of many things that we would like to debate. We would like to vote on that. We think we can vote on some of the egregious stuff that is in this ObamaCare.…”