Political Quotes

“the bill that we just passed today through unanimous consent is a bipartisan bill to make sure that American families are not on the hook for taxes being paid to Vladimir Putin's war machine. Last week, we received disturbing reports that Russia is providing Iran with intelligence to target United States forces. They are passing along critical information, like the locations of our military assets, including warships and aircraft. That is just unacceptable--not just to me. Ask most Americans, and they will say the same thing: Putin is actively aiding our enemy. Our tax dollars shouldn't be supporting his efforts to harm American troops. That is why we passed the bill today. Let me talk a little bit more about it. Currently, U.S. law allows businesses that are paying taxes in foreign countries to claim a tax credit or a deduction in the United States so they don't get taxed twice. Normally, this makes sense. It promotes international investment and cooperation, and it simplifies our Tax Code. Importantly, this tax credit doesn't apply to hostile nations like North Korea and Iran that use these funds to support terrorism and harm our military. The bill I passed today, S. 327, the HONOR Act, would add Russia to that list alongside our other adversaries.”