Political Quotes

James Traficant: “There is a new book out called ``The Complete Guide to Offshore Money Havens.'' A big ad in the Wall Street Journal says…”

On the recordSeptember 11, 1996
There is a new book out called ``The Complete Guide to Offshore Money Havens.'' A big ad in the Wall Street Journal says ``Make millions, protect your privacy and legally avoid paying any taxes on the profits.'' Think about it. The New America. Invest overseas, hire foreign workers for pennies, then ship your product back to America. And do not worry if you make a profit; you do not even have to pay taxes on it. There are more loopholes in the U.S. Tax Code than those old hockey nets at the Boston Garden. Beam me up. The truth is, America keeps shipping jobs and money overseas, and America is getting in return two truckloads of mangoes and two baseball players to be named later. Think about that shot.
Said by
James Traficant
Ohio
Source
govinfo.gov

Editor's note · Context

Discussing offshore tax havens and the impact on American jobs and the economy.

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