Political Quotes

“I want to direct my comments to the other side. Mr. Tiberi, who is indeed my friend and a terrific guy, said that there is no partner at the White House. When we undertook this very significant proposal on tax reform, it wasn't the White House; it was the Speaker of our House--the Speaker of this House--who said, ``Blah, blah, blah.'' Now, I want to tell you that I am not bilingual, Mr. Speaker, but when you tell me blah, blah, blah, I get it. It ain't going anywhere. To blame the White House when the Speaker of the House poured cold water on it is outrageous. Now, we heard of several companies that have been proceeding with inversions. For those of you paying attention to this, it simply means that a company moves offshore, they declare that they are no longer a corporate citizen of America, but instead, they will reincorporate to a foreign address for the express purpose of avoiding American corporate income taxes. Mr. Speaker, the proposal that we have here is pretty simple. As they line up, the dam is breaking. I hear in the next few weeks that up to 47 companies--as the Congressional Research Service has pointed out-- are lining up to leave. They include manufacturing, pharmaceutical, and financial services sectors. We should be doing fundamental tax reform as Mr. Camp laid out the proposal, but the issue of inversions and depreciation before us today, while seemingly unconnected, are intimately connected. Mr.…”