Political Quotes

“a few weeks ago, the House acted to reform the welfare system. We also need to ensure that an even larger welfare system--the more than $200 billion in corporate giveaways--is reformed. Corporate taxpayers must live up to their responsibility as U.S. residents and ensure that they do not dodge their duty to pay their fair share of taxes and their obligation to help reduce the deficit. I gave my Republican colleagues on the Rules Committee the opportunity to seek a fairer tax system by offering an amendment that curbs tax benefits given exclusively to multinational corporations and foreign investors. This amendment would have closed loopholes in the code that drain billions from our Treasury every year. Yet, the majority again refuses to stand up to corporate interests so that we can reduce the deficit and put fairness in our tax system. The Republican gravy train for the wealthy never seems to end. Included in this bill is a repeal of the alternative minimum tax. This tax ensures that profitable corporations do not avoid paying taxes in the United States. Many advocates of a repeal say that instead of an AMT, we need to look at individual parts of the code. But once again, the majority leaves loopholes for multinationals virtually untouched. I urge my colleagues to oppose the rule.”