[Congressional Record Volume 156, Number 81 (Wednesday, May 26, 2010)]
[House]
[Page H3841]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                            FINANCIAL GAMES

  (Mr. GARAMENDI asked and was given permission to address the House 
for 1 minute.)
  Mr. GARAMENDI. Mr. Speaker, I'm astounded. I'm astounded with what I 
just heard. This is a problem that was actually created nearly a decade 
ago by the Republicans as they were playing financial games. And to 
stand here on the floor and say this has to be fixed now, yes, indeed 
it does, but indeed it is the Republican Party that has prevented us 
from fixing it. That's going on right now as the negotiations take 
place on the American Jobs Act and corporate tax loophole closing--
closing the tax loopholes on corporations that are in fact shipping 
jobs offshore.
  I would ask the Republicans in this House to stand with us and do a 
permanent fix. It can be done. But it's not going to be easy. We need 
to raise the tax revenue. A good place to raise it is from those 
corporations that are shifting jobs offshore.

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