[Congressional Record Volume 168, Number 22 (Thursday, February 3, 2022)]
[House]
[Page H923]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                          RACING TO THE BOTTOM

  (Mr. HIGGINS of New York asked and was given permission to address 
the House for 1 minute.)
  Mr. HIGGINS of New York. Madam Speaker, for generations, Americans 
and Canadians have owned homes on either side of the border, making 
many of our citizens neighbors in every sense of the word.
  The pandemic has hurt the connections between our two countries, 
often making it difficult for citizens to visit their properties.
  Recently, the Canadian Government proposed a 1 percent tax on 
residential real estate owned by non-Canadians. We believe this tax is 
not just an unfair fine on good neighbors but a violation of the United 
States-Mexico-Canada Agreement and international tax law.
  We are working with the Biden administration to advocate on behalf of 
Americans and urge Canada to reject this proposal. Its adoption could 
lead to a race to the bottom for both of our countries.

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