Rob Portman: “if I could, I want to report on something that happened this week. I see that the chair of the Finance Committee…”

“if I could, I want to report on something that happened this week. I see that the chair of the Finance Committee, Senator Hatch, is here, and he is aware of this. This week we had a bipartisan hearing of the Permanent Subcommittee on Investigations on an issue that is also urgent. It is one that is imminent because right now many U.S. companies are leaving our shores. This means that jobs and investments are leaving America and going to other countries. It is something all of us should be concerned about because it is rapidly accelerating. It is because of one simple reason: Washington, DC, refuses to reform our outdated and antiquated Tax Code. It is Washington's fault. Unfortunately, the brunt of it is being borne by workers across our country. I would like to put into the Record my statement with regard to this hearing. It was a hearing where we were able to hear directly from companies about the impact of the Tax Code. We were able to bring in companies that have left the United States, requiring them to determine why they left. Unfortunately, it was eye-opening to the point that it requires us to deal with our broken Tax Code if we are going to retain jobs in this country, keep investment in this country, and be able to attract more jobs and investment to deal with our historically weak recovery in which we currently find ourselves. Mr.…”