Political Quotes

“I am going to yield to my colleagues in a minute. I just think it is important to make sure that the public understands exactly what some of the facts are behind the Republican proposals. My colleague from Ohio just talked about how the Republican proposal is going to create many more jobs in the United States and certainly isn't going to keep the system that makes it attractive to do business overseas. Yet my understanding is, all the previous versions--and we are going through the 500-plus pages now--are based on territorial taxation. I don't imagine too many folks in coffee shops are up on what territorial taxation is, but it is an express lane for shipping jobs overseas. The fact is, a number of the proposals earlier from the other side have made it more attractive to do business overseas than in the United States. Here are a couple of other points. My colleague said that 70 percent of the corporate tax reduction would go to the workers. That is not what Tom Barthold, the head of the Joint Committee on Taxation, said. He said specifically that he didn't see anything resembling that kind of benefit going directly to workers. He speaks a special language known as economics, but he has made it clear he didn't envision anything like that. Two other points, and then I have a question for my colleague from Maryland. We still do not have an analysis in two areas: No. 1, the cost of the bill, and No.…”