Political Quotes

On the recordMay 28, 2010
So here's one of the issues before the House today. Say you have an American company that owners live here and they decide that they can make more money by sending their jobs to Asia or south of the border, out of the country, and they do. And they bring the money home and enjoy it here, but the jobs go overseas. And they figure out a way to game the tax laws so they don't pay taxes for that business to the United States Treasury. So the profits come home, the jobs go overseas, and the tax revenue doesn't flow into the Treasury. This bill closes that loophole. It says, if you outsource our jobs from this country, you don't get off the hook when it comes to the IRS. Now, what does it use the money for? Well, if an American business goes into a bank today and the bank says, you know, we would make this loan to you to expand your business but we just need a little more collateral, a little more guarantee, this bill says the Small Business Administration can step in and make that loan happen and create those jobs.
Said by
Rob Andrews
Democratic · New Jersey

Editor's note · Context

The speaker addresses the issue of outsourcing jobs and a bill aimed at closing tax loopholes for companies that do so.

Share

More from Rob Andrews

Nov 20, 2013

I thank my friend for yielding. With a sense of real mixed emotions, I join this discussion tonight, certainly with gratitude and pride for Barry's 33 years of service but also for a real sense of regret that he will not be a part of our…

govinfo.gov
Sep 30, 2013

My colleagues, Mr. Speaker, when people in politics don't want to say ``yes'' or ``no,'' they just keep talking. We could do a lot more tonight than just keep talking. We could cast a vote that would say to the American taxpayers, the…

govinfo.gov
Oct 4, 2013

I thank my friend for the time. Mr. Speaker, there's been an avalanche of talk from both sides, an avalanche of opinion. That's democracy. I think there is one indisputable fact, and that is the one way to end the government shutdown today…

govinfo.gov
Oct 2, 2013

I would like to be heard on the point of order. The SPEAKER pro tempore. The gentleman from New Jersey is recognized. {time} 1800

govinfo.gov

Other voices in this conversation