[Congressional Record Volume 148, Number 23 (Wednesday, March 6, 2002)]
[House]
[Pages H691-H692]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  AMERICAN CORPORATIONS GO TO BERMUDA

  (Mr. GEORGE MILLER of California asked and was given permission to 
address the House for 1 minute and to revise and extend his remarks.)
  Mr. GEORGE MILLER of California. Mr. Speaker, America goes to war 
against terrorism. America's fighting men and women are put in harm's 
way. American soldiers lose their lives. And American corporations go 
to Bermuda. At a time of national emergency, accountants are writing 
advice to their corporations saying that maybe patriotism will have to 
take a back seat in the opportunity to maximize their profits by 
avoiding American taxes on their corporation by taking up illegal 
residence on the island of Bermuda.
  With the Republican tax cuts to the wealthy, the burden of paying for 
this

[[Page H692]]

war is falling more and more on middle-class and lower-income 
Americans. More and more this war is being fought out of the Social 
Security trust fund that is paid more and more by middle-class and 
lower-income Americans, but American corporations decide that they will 
escape any liability, any responsibility for the payment of America's 
efforts against terrorism by going to Bermuda and taking a tax holiday.

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