Political Quotes

“Now on Chile and the treaty, for more than a decade, Congress has been working on an important tax treaty with Chile that holds important and long-term consequences for American businesses and American competitiveness on the world stage. Right now, nations around the world are racing to source important materials like lithium. Lithium is a key ingredient in everything from iPhones to EV batteries. Chile is one of the most important sources of these kinds of raw minerals, including lithium, and many U.S. companies have spent years building business partnerships with Chile and have grown their presence in that nation. But these companies face a terrible problem. Because of current policy, American companies face double taxation due in Chile and are at a huge disadvantage compared to other nations like China. We don't want China to get this lithium. We need it. So we have a taxation treaty at the ready that would remove this obstacle. It is very similar to the more than 60 other treaties we already have with nations around the world. This is nothing new. It is wildly supported by voices across the political spectrum--the Biden administration, on one hand, but the pro-business Chamber of Commerce, on the other. Here is the amazing thing. The U.S.-Chile treaty was already reported out of committee last year. It had, I believe--I am not certain of this, but I think it was passed by voice vote, meaning unanimous support. It had overwhelming support.…”