Political Quotes

On the recordJuly 18, 2002
it is okay for these corporate executives to head off to the Caribbean Isles and get a tan, but not a tax break or a government contract. I certainly applaud the gentleman's leadership and his work to see that this is done. It is not just corporations in the Northeast that have taken advantage of this loophole. We had one down in Houston, Texas that did the same thing, and it was the president of a competing company who recently wrote me to express his outrage, because he is loyal to this country. His workforce is here; his executive offices are here. He is willing to pay his fair share, but thinks it is mighty unfair that this Congress will not stand up and level the playing field and give his company the same fair basis for competing as those who fled and have decided they will not contribute their share of taxes. I think it is also important to note that those who want to hide behind the fiction that this is just to avoid double taxation on foreign earnings need look no further than the prospectus on the Stanley Tool, or Stanley Flees, Company to note that they are planning to save much more in taxes than they pay in foreign taxes.
Said by
Lloyd Doggett
Democratic · Texas

Editor's note · Context

Addressing corporate tax loopholes and fairness in competition during a House floor debate.

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