On the recordMay 13, 2014
first I want to thank Senator Hatch. I deeply respect his views. He is one of the most effective Members of the Senate. He has deep views and reaches across party lines to try to get things done, which I think is very important, and I respect him greatly. I want to agree with the conclusion of Senator Hatch. The problem with corporate inversion is best fixed if we do comprehensive tax reform. I believe he is right. We have two paths we can take. One is to try and reform our current tax structure, which I think will not work, and I will give my reasons why; or we can look for a competitive tax structure that is fairer to the American people and makes measures such as corporate inversions something that would not be happening in our communities. Pfizer and AstraZeneca are looking at a merger. AstraZeneca is a British company. They own major operations in my State of Maryland, affecting thousands of workers. We would think a merger between a British company and an American company would mean more jobs in America, but we know Pfizer has made certain commitments to the British Government about maintaining and expanding jobs in Great Britain, which we worry is at the cost of American jobs and jobs in my home State of Maryland. We have heard one of the reasons for the merger is corporate inversion. What do we mean by that?…





