Political Quotes

“Mr. Speaker, if I understand this amendment correctly, it is to reduce the Joint Committee on Taxation's appropriation or budget by some $590,000, because of a report. That report is not going to change why people expatriated. Mr. Speaker, when they leave this country and go anywhere else in the world to make money, they are going to pay tax. The reason they are doing so is because of a country that has less taxation. The liability is less. That is America: freedom to go wherever you want to. I do not like it. I do not like it because people are leaving. Stanley Works has been mentioned. If I read right, Stanley Works wants to reincorporate in Bermuda. They would save some $32 million based on the difference in taxation. Does not that type of movement or reason to move or incentive to move tell us that our tax codes, our tax structure is penalizing people? Now, they are leaving the business here and the jobs here. They are moving taxation. I would rather they stay here. But this $590,000, we could make it $1 million, it is not going to change the reason. The reason is the environment.”