Political Quotes

“Mr. Speaker, I rise in strong support of the United States-Taiwan Expedited Double-Tax Relief Act. Taiwanese companies in America, including those in critical semiconductor sectors, face double tax burdens due to the lack of a U.S.-Taiwan tax agreement. Taiwan is one of our largest trading partners without such a treaty, yet it supports more than 22,000 U.S. jobs and contributed $185 million to U.S. research in 2021. This bill addresses these issues by eliminating double taxation, reducing withholding tax rates, and clarifying residency rules. It strengthens our economic alliance with Taiwan, ensuring a reliable supply chain for semiconductors and reducing dependence on China and our adversaries. In my home State of Texas, Taiwanese tech companies are investing billions in advanced manufacturing, but double taxation threatens their ability to operate effectively. Today's bipartisan bill equips us to expand cross-border investment, safeguard critical supply chains, and push back against China's growing influence. Without this legislation, we will risk alienating Taiwan, one of our strongest partners in the Indo-Pacific region. We also risk ceding more power to China in the Taiwan Strait and isolating ourselves further on the global economic stage. That is simply unacceptable. This bill is critical to reaffirming our commitment to economic growth, national security, and the U.S.-Taiwan partnership. Mr.…”