On the recordMay 16, 2002
today on the House floor we should be considering much-needed marriage penalty relief. However, yesterday the Republican leadership withdrew consideration of the Marriage Penalty Tax Relief Act in order to protect financial traitors. Democrats only wanted to pay for this tax relief by implementing the provisions of H.R. 3884, the Corporate Patriot Enforcement Act, a bill authored by myself and the gentleman from Connecticut (Mr. Maloney). Fearing that this House would vote overwhelmingly to stop the exodus of American corporations to tax havens, the leadership dropped the Marriage Penalty Tax Relief Act altogether. While House leaders procrastinate, our constituents around the country want Congress to act. Last week commonsense folks out in Peoria at the Journal Star wrote, "Americans should be outraged, and so should Congress, which should move quickly to pass pending legislation outlawing the dodge." I guess the message was not heard here yesterday in this House. As Congress does nothing, the exodus of two more corporations who voted this week to reincorporate in tax havens at the expense of honest corporations and hard-working Americans continues. Stop the delay, and close the floodgate to these corporate expatriates by passing the Neal- Maloney Corporate Patriot Enforcement Act.
Source
govinfo.gov




