[Congressional Record (Bound Edition), Volume 156 (2010), Part 7]
[Extensions of Remarks]
[Page 9344]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             PASS H.R. 4213

                                 ______
                                 

                          HON. JOHN GARAMENDI

                             of california

                    in the house of representatives

                         Tuesday, May 25, 2010

  Mr. GARAMENDI. Madam Speaker, before this week is over, we will vote 
to create jobs in America. We will do this by discouraging the 
outsourcing of American jobs and supporting our nation's workforce and 
small businesses.
  For too long, large corporations have exploited tax loopholes by 
slipping between foreign and U.S. tax codes. This system permits big 
businesses to evade their responsibilities and shifts the tax burden 
onto everyone else. It also encourages big businesses to move jobs from 
the U.S. to other countries. This begs the question: Why would we 
perpetuate a system that encourages the outsourcing of American jobs?
  This Democratic-led Congress is saying no more. Big businesses have 
to pay their fair share just like the rest of us. This Congress is 
lifting the tax burden off the middle class still struggling from the 
Bush recession. We are leading a recovery of shared prosperity. We are 
bringing jobs to America through targeted tax cuts and smart 
investments: this includes tax credits for research and development, 
support for 250,000 summer jobs, and tax incentives for small 
businesses in low-income communities and in the hard-hit construction 
sector.
  We should, hopefully with the support of the Republicans, pass H.R. 
4213, close harmful corporate tax loopholes, and create jobs right 
here, in America, right now.