Political Quotes

“Madam President, I thank the Senator from Oregon, and I appreciate the time in this as we wind down this debate. The answer is yes. We have a tax system right now in place. I hear my colleagues on the other side of the aisle disingenuously say: Well, as for the Democrats, because they don't like our tax plan, that means they are for the tax system the way it is. Of course, we don't like the tax system the way it is, and we particularly don't like it in States like mine and, I would say, especially in places like Eastern Oregon, where companies shut down production in Lima, OH, or Springfield, OR, and move to Wuhan or Beijing and get a tax break for doing it. We want to close that loophole, but you know what, this bill explodes that loophole. It explodes it, because, as I said a few minutes ago, if a plant shuts down in Barberton or it shuts down in Xenia or it shuts down in Zanesville, the company, under this bill, would pay a rate of 20 percent on profits. If it shuts down and moves to Asia, it can build a new factory and get a tax deduction for the cost of moving, still, and pay a U.S. tax rate of zero. So why wouldn't they move?”