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Pelosi Statement on Administration’s New Measures to Combat Corporate Inversions

September 22, 2014

Contact: Drew Hammill, 202-226-7616

San Francisco – Democratic Leader Nancy Pelosi released the following statement after the Treasury Department announced it will move forward with steps to regulate corporate inversions:

"Today's actions by the Treasury are an important step to restoring fairness for middle class families in our tax code.

"Corporate inversions are an insult to hard working American taxpayers. These corporations are renouncing their American citizenship to avoid paying their fair share of the taxes that pay for everything from the roads and rails that move their goods to market to the military that keeps them safe.

"The American people deserve an economy and a tax code that works for everyone, not just the wealthy and well connected. In addition to the useful steps taken by Treasury today, Congress must act to completely shut down such schemes used by corporations to avoid paying their fair share of taxes and repeal tax breaks for corporations to ship American jobs overseas. While Republicans continue to protect tax breaks for a privileged few dodging their responsibility to the rest of our country, Democrats will fight to put the middle class first."

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