Kent Conrad: “first of all, I have previously commended publicly the former chairman of the Finance Committee for the work he has done…”

“first of all, I have previously commended publicly the former chairman of the Finance Committee for the work he has done in this area, and I wish to commend him again because I consider him an ally in this effort and somebody who has been serious about going after tax havens and somebody who has been serious about going after abusive tax shelters. In fact, I have even quoted him, and let me quote him again. Here is what he said last year at this time on the Senate floor: Just in the period of time since 2001, our committee has raised around $200 billion in new revenues by shutting down tax shelters, by closing inversions, and other abusive tax schemes. I believe that is the case. Continuing: Now, just in the year 2004 alone, the Finance Committee fully offset a $137 billion tax bill at no expense to the American taxpayers.”