Chris Van Hollen: “That's the simple math of the situation. Now, I know that we've heard from the Romney campaign that that's a liberal…”

“That's the simple math of the situation. Now, I know that we've heard from the Romney campaign that that's a liberal think tank. Well, here's what the Romney campaign spokesman said about an earlier analysis from the same Tax Policy Center when they liked the results. Then they called it an ``objective third-party analysis''--Romney spokesman of an earlier Tax Policy Center analysis. That, ladies and gentlemen, is a group here in Washington that does good, nonpartisan work, and that is the result that they found. And it makes common sense; you're trying to make up $4 or $5 trillion through tax reform, you're going to switch that burden. Now, we've also heard that this is somehow going to help ``make it in America,'' that this is going to incentivize companies to do more business here in America. The reality is just the opposite in this bill. You move to a pure territorial system, your slogan might as well be ``Make It Overseas: Offshore American Jobs.'' Again, let's just look to the analysis done by another nonpartisan group. Mr. Levin has talked about the Joint Committee on Taxation analysis. They've already said that if you move to a pure territorial system, ``you will erode our domestic tax base and increase our deficits.'' Why will you erode our domestic tax base? Because more companies will ship their investments and operations overseas. That means more American jobs overseas.…”