Rich Neal: “I do not know if this is more this evening about amnesia or cranking out a press release for April 15. When you listen…”

“I do not know if this is more this evening about amnesia or cranking out a press release for April 15. When you listen to these folks, they talk about changing the Tax Code. They have now been in charge since 1994. We are no closer to changing the Tax Code today than we were in 1994. But we were told we were going to pull the Tax Code up by its roots, we were going to drive a stake into the heart of the Tax Code, we were all going to a long funeral procession for the Tax Code. Well, this resolution today is like their commitment to term limits: You hope that the public is not watching, and you change your position on the issue. We have an opportunity to do something real about the Tax Code, and we could do it tomorrow, and everybody on the other side knows it, because I share their late-stated interest in closing tax loopholes. I filed a bill last year that would close the most egregious tax loophole that confronts the American people, and that is for those U.S. corporations who claim their headquarters are really in Bermuda so they can avoid paying U.S. income taxes.”