Chris Van Hollen: “They purchase a small foreign company, and then they move their mailing address overseas to that small company. They…”

“They purchase a small foreign company, and then they move their mailing address overseas to that small company. They then say to the American taxpayer: Guess what. We don't have to pay any more taxes in the United States. We don't have to pay taxes for the infrastructure that we have that does support us. We don't have to pay for the education system that supports us. We want a free ride. Now, we need to close down this tax break. More and more companies every day are taking advantage of it. {time} 1315 If you close that loophole, you generate $40 billion. And you use that money that otherwise would go to the bottom line of these corporations that are trying to escape their responsibility to the American people and you invest it in infrastructure right here at home. You help modernize your infrastructure, and you put more people to work. We have introduced a piece of legislation, Mr. Speaker, to do that. The bill is H.R. 3064. And if we defeat the previous question, we as a House will have an opportunity to vote on a 6-year, robust transportation plan that is funded for 2 years by closing this egregious tax loophole that is being exploited by corporations. Let's defeat the previous question. Let's do the right thing for American workers and American infrastructure.”