Political Quotes

“Mr. Speaker, I rise to highlight another scam in the GOP tax giveaway just signed into law. President Trump promised in November: ``Factories will be pouring back into this county.'' Really? The Republican tax scam taxes earnings of foreign subsidiaries of U.S. firms at half the rate of what is earned here in the United States by those same companies. If that isn't an invitation for more job outsourcing, I don't know what is. The corporate tax rate, which Republicans slashed at the expense of the middle class, Social Security, and Medicare, is now at 21 percent; but the rate at which American companies' overseas subsidiaries will be taxed is half that much, 10.5 percent. Why does the Republican tax bill incentivize U.S. companies to move profits and capital overseas? Call President Trump, let him know, because that is what he just did. The Republican bill does nothing to address the job outsourcing crisis. It makes it worse. Isn't this economic madness? ____________________”