Political Quotes

“Very briefly, I am disappointed because basically what we are going to do--those of us who are law-abiding and pay our taxes have to suffer the consequences of those who cheat and go abroad to do so. When they do that, they undermine the ability of this government to have the resources to arm the men and women who serve us abroad, protect them, take care of their health care, and deal with the challenges of educating the next generation of Americans. Let me just say that this question that the treaty somehow infringes--first of all, if Switzerland is not a friendly country, I don't know what is. It is not a question of a country that isn't friendly, so let's remove that objection. The treaty supposedly infringes on the fourth amendment rights of U.S. citizens. Look, these bilateral tax treaties only permit the exchange of information that is foreseeably relevant to the collection of taxes. The proposed treaty also provides protection against fishing expeditions. To exchange information, the requesting country must demonstrate that the individuals targeted have engaged in activities that suggested they are engaging in fraud. The existing treaty with Switzerland requires the requesting country to establish tax fraud or fraudulent misconduct as a basis for the exchange.…”