Political Quotes

“The amendment says, if you renounce your citizenship and go abroad to avoid paying taxes, don't come with your hand outstretched to ask other taxpayers who stayed here and worked and contributed to the success of America--those that are proud to be American businesses and are paying their fair share--to pay for you to get a government contract. Don't ask them to put up their tax dollars to pay for your success. We believe that this approach provides protection to the Treasury and responds to those corporations that have abandoned America. Ms. DeLAURO. Mr. Chairman, I yield myself such time as I may consume. I mentioned Mr. Sloan's article of this past weekend, and I just want to read this quote because I think it really puts this whole issue into perspective: How much mone are we talking about inverters sucking out of the U.S. Treasury? There is no number available for the tax revenue loss that is caused by the inverters and the never- heres so far, but it is clearly in the billions. Congress' Joint Committee on Taxation projects that failing to limit inversions from evading their responsibility like this will cost the Treasury at least another $19.5 billion over 10 years and possibly much, much more.…”