Rich Neal: “The issue really is too few opportunities to vote on Bermuda. I am in opposition to this rule today. I am going to…”

“The issue really is too few opportunities to vote on Bermuda. I am in opposition to this rule today. I am going to continue to be in opposition to these rules until there is an opportunity for this full House to vote on the issue of runaway corporations moving offshore to avoid American taxes in a time of war. The President has requested $48 billion more for national defense, $38 billion for homeland security, and these corporations in the dark of night are sneaking out of the country without ample opportunity for this body to take a vote on stopping it. Whether it is Stanley Tools running off to Bermuda to avoid taxes or J. Paul Getty's grandson turning in his U.S. citizenship to avoid individual income taxes, the American taxpayer wants us to act to stop these tax dodgers. We have known that these penalties are insufficient for those who renounce U.S. citizenship for tax purposes, but since 1996 we have had no opportunity to do anything about it.”