Political Quotes

On the recordMarch 23, 1994
This amendment happens to deal with how much money we raise and from where we raise the money. We are talking today about how much we spend, how much money we raise, and what kind of a deficit we have left. The question is whether we spread the sacrifice around fairly and whether we ask the right things of the right groups. My amendment deals with a couple of tax provisions that establishes a sense of the Senate that we ought to move in two areas. One deals with an area where corporations close their doors in America and move overseas. These corporations produce in a tax-haven country and then ship back their tax-haven products into America. For all of that they then get a tax incentive or a tax benefit from the Federal Government. President Clinton talked a lot about this issue during his campaign. He said--and he was right--should we not at least shut down the Federal tax incentives that encourage American companies to shut their doors in this country, move their jobs abroad, and then ship back to the United States? The answer, of course, is yes, we should shut down those tax incentives.
Said by
Byron Dorgan
Democratic · North Dakota

Editor's note · Context

Discussing an amendment related to tax incentives for corporations moving jobs overseas.

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