Kevin Hern: “I thank the chairman for yielding me time. Mr. Speaker, combating the CCP's malign influence across the globe demands…”

“I thank the chairman for yielding me time. Mr. Speaker, combating the CCP's malign influence across the globe demands strong partnerships and a steady backbone. Our partnership with Taiwan is critical to that goal. In 2023, I led a delegation to Taiwan, where we met with former President Tsai and current President Lai. We saw firsthand the importance of the economic partnership between our great nations, a partnership meaningful not only in economic terms, but in the true friendship and goodwill we share, as well as our common values. Taiwan is fighting for the very thing that our Founding Fathers did: freedom and opportunity. Taiwan does not ask for our support without bringing their own strengths to the table. They have increased investment in domestic research and development to improve their own deterrence capabilities and are invested heavily in the semiconductor industry here in the United States of America. Unfortunately, without a formal tax treaty with Taiwan, double taxation is deterring further Taiwanese investments in the United States. This unique issue requires a unique solution. H.R. 33 will alleviate the double taxation burden and, in turn, bolster the U.S. supply chain. Mr. Speaker, I am proud to support H.R. 33 today, and I urge all of my colleagues to vote ``yes.''”