Rob Andrews: “So here's one of the issues before the House today. Say you have an American company that owners live here and they…”

“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.”