Political Quotes

“More jobs, bigger paychecks, and fairer taxes. Those are the three big promises of the Tax Cuts and Jobs Act, and I am proud to lend my support. This tax relief legislation serves as an opportunity for all American families to achieve the American dream--because it is crafted with working families and providing relief for the middle class in mind. This bill does much to reform and revitalize the tax code. I look forward to doing even more to assist American families and communities, ensure U.S. companies can fairly compete with foreign counterparts, and close existing loopholes in our laws. For years, our nation's high corporate tax rate has created an unlevel playing field for U.S. businesses to compete in global markets. By reducing rates and moving to a territorial system much in line those of our international competitors, we will incentivize companies to build investment here, thereby creating new jobs and increasing take-home pay for hardworking Americans. Further compounding this problem is the ability, in some industries, for foreign-based competitors to exploit loopholes in the tax code to avoid taxes altogether. For instance, under current law foreign-based reinsurers to transfer a portion of their profits to offshore tax havens, and thus shielded from our corporate tax rate, has essentially gutted the domestic reinsurance industry over; the last two decades.…”