Political Quotes

Tim Ryan: Yes, and it is the same exact situation. We have given these companies free rein. We do not object to people wanting to…

On the recordJuly 6, 2004
Yes, and it is the same exact situation. We have given these companies free rein. We do not object to people wanting to make money. If you can go out in the economy and do well for yourself, God bless you. That is what America is all about. However, you are not here to manipulate the system, and that is what is happening right now. We have these corporations, as we said, they move the headquarters to Bermuda, they do not pay any taxes, they move the production manufacturing site to China, they do not pay anything in wages or in environmental. OSHA. There is no OSHA in China. There is no safety and occupational hazard prevention in China. That does not exist. So you take advantage of the workers there, you take advantage of the tax system here, and you reap the benefits of the profits. Then you take the profits and you put them into this place, into the Congress, and you keep getting the same kind of deals over and over and over. And who is losing? The average people who used to be able to make a middle class wage in the country. They used to be able to afford health care. I want to mention to my colleague a study that the Toledo Blade paper in Ohio, in Toledo, Ohio, has been doing. They noted for the average American family, with a median household income of $42,409, average median income $42,409, that they have seen increases in their premium payments, this is a family of four, go from $6,348 to $9,086, which is a $2,738 increase from the year 2000.
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Tim Ryan
Democratic · Ohio

Editor's note · Context

Addressing corporate tax avoidance and its impact on the middle class during a speech.

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