Collin Peterson: “I want to alert the Members of the body that this motion to recommit has the word ``promptly'' in it. What that means is…”

“I want to alert the Members of the body that this motion to recommit has the word ``promptly'' in it. What that means is if this goes back to the committee, this kills this bill. It kills the reform that we have done in this bill. It kills the additional nutrition that has been put into this bill, the energy, all the other hard work of this committee. Now, I am a CPA, and I used to do taxes for a living. I agree with the chairman of the Ways and Means Committee: this is not a tax increase. This is doing what is right for this country. What we ought to be looking into is why we are having the taxpayers of this country fund people in the Treasury Department and fund people in the State Department to go out and make treaties with other countries so we can have foreign corporations come to this country and avoid taxes. That is what this is about. If you have a straight-up deal between the United States and Germany, this does not affect you. It only affects you if you set up a corporation in another country that doesn't have a tax rate and go through that process. Mr. Speaker, you can call this whatever you want. But the truth of the matter is that if you send the bill back to the Agriculture Committee, we do not have the offsets in the Agriculture Committee to do what is in this bill. So you are, in effect, killing this bill. I just want everybody to understand that.”