On the recordApril 20, 2016
Mr. Speaker, I have listened to this debate today and the discussion about inversions. There is a broader point that is missed here. Inversions aren't even an issue if America is the most attractive place to do business. Capital investment goes where it is welcome, not where it is unwelcome. Why do you hear about inversions today? It is because we have an outdated Tax Code that significantly needs reform. It is because we have more rules and regulations than we have ever had before that are stifling the economy to the tune of $2 trillion annually. It is because we have a healthcare law in place that is killing the economy and job growth. I can't tell you how many businesses I meet and go and visit all across the district that are sitting right at 49 employees. I wonder why. It is because of the healthcare law that is unworkable and destroying the American economy. Again, capital and investment goes where it is welcome. How do we make that possible again? We reform our Tax Code so that this is the most attractive place to do business in the world. We get rid of the rules and regulations that make it so difficult to do business, all the rules and regulations coming out of labor, EPA, and everywhere else. {time} 1400 It is not just one, it is all of them. It is death by a thousand cuts. I can't tell you how many people I have talked to all across my district who say: David, do you know what? Business is just no fun anymore. And so they are plotting their exit strategy.…





