Rob Portman: “earlier today the Senate voted to proceed to debate on legislation called the Bring Jobs Home Act. It is about tax…”

“earlier today the Senate voted to proceed to debate on legislation called the Bring Jobs Home Act. It is about tax reform. It is about the tax system in this country. I am glad we are having the debate. I voted to proceed to the debate. I think it is important we talk about it. I had a reporter come to me earlier today who said: I hear that Democrats are going to talk about inversions. That means when a company of the United States goes overseas and buys a company--usually smaller than they are--and then inverts, they become a foreign corporation. They said: Are you concerned about that? I said: No. I think that is great. I think we need to talk about it. I think it is a hidden problem that no one is talking about, and I think it is terrific that we are talking about it. So I hope what will happen over the next week on the floor of the Senate is we will have an honest conversation about what is happening in our great country, where we have more and more American companies saying, because of the Tax Code they are saddled with, they cannot compete around the globe. So what do they do? Having a responsibility to their shareholders, they go and find either a foreign company to become part of and become foreign--or they make themselves a foreign company by being acquired by a foreign company. Some of them are simply not growing because they can't compete with other companies from other countries that are buying some of their assets.…”