Political Quotes

“Madam President, I rise today to speak in opposition to the legislation pending before the Senate, the so-called Bring Jobs Home Act. I oppose this bill because it is a political stunt designed as an election-year campaign ploy that will have no meaningful impact on job creation or on economic growth. In fact, this bill is a carbon copy of a bill the Senate rejected 2 years ago when it was offered by another Democratic Senator who just happened to also be up for reelection. Simply put, if there is a Democratic bill on the Senate floor supposedly about outsourcing, you can rest assured it must be election season. The bill before us purports to deal with the problem of companies relocating jobs from the United States to foreign countries by denying the deduction associated with doing so. This must be the tax benefit for shipping jobs overseas that we heard so much about from the Obama campaign in 2008 and again in 2012. There is only one problem with repealing this special tax break for companies that ship jobs overseas. It does not exist. According to the Joint Committee on Taxation, ``Under present law, there are no targeted tax credits or disallowances of deductions related to relocating business units inside or outside the United States.'' That is from the Joint Committee on Taxation. This statement is not surprising, given that numerous independent fact checkers disputed the repeated claims in 2008 that companies were receiving tax breaks for shipping jobs overseas.…”