Political Quotes

“Madam Speaker, I yield myself the balance of my time. Look, I am not enthusiastic about Congress forcing disclosure of immaterial information. But if we are going to do it, if we are going to do it, then, at the very least, we should be honest. And to the extent tax increases are going to harm the company's ability to invest in its workers and invest in itself, we should disclose that as well. Look, there was a time where corporate inversions were a big problem in this country. You haven't heard of corporate inversions since December of 2017, and the reason was because the Tax Cuts and Jobs Act made it unnecessary for companies to take their dollars and their jobs overseas. So now those dollars and those jobs stay for American workers. After the passage of the American Tax Cuts and Jobs Act, actual revenues to the Treasury rose. And had it not been for the imposition of the pandemic, those tax cuts would have been paid for because the Congressional Budget Office assigned a very anemic rate of growth to their projections when they cited the CBO score prior to that bill's passage. This is an important concept. If we are going to level immaterial information into a company's disclosures, let's disclose what happens when Congress applies additional tax rates to those companies as well. It is the right thing to do. I urge my colleagues to vote for this amendment. It is the only thing that can make the underlying bill perhaps make a little more sense.…”