Political Quotes

“Mr. Speaker, I rise today in support of H.R. 33, the United States-Taiwan Expedited Double-Tax Relief Act. This bill codifies the strong partnership between the United States and Taiwan by granting benefits to Taiwan's residents that invest in the United States without the undue burden of additional taxation. Taiwan's vibrant democracy and strong economy represent opportunity in the Indo-Pacific. In 2024, the United States was Taiwan's largest destination for its direct foreign investment, totaling more than $14 billion. To date, the United States has signed double taxation agreements with over 60 countries, including the People's Republic of China. It does not have one with Taiwan. The scope and severity of the threat from the Chinese Communist Party is crystallized in the Taiwan Strait, which is under constant harassment. The United States and Taiwan should help support each other's democracies through collaboration on countering disinformation and propaganda. We should go further to strengthen one another's economies through increased flows of trade and investment by negotiating expanded market access, common rules, and the end of this double taxation on Taiwanese investment in the United States. This is especially critical as we look to revive U.S. semiconductor manufacturing. The SPEAKER pro tempore. The time of the gentleman has expired.”