Pelosi Statement on Introduction of Stop Corporate Expatriation and Invest in America’s Infrastructure Act
Contact: Drew Hammill, 202-226-7616
Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement after Ranking Member of the House Budget Committee Chris Van Hollen and Ranking Member of the Ways and Means Committee Sander Levin introduced legislation to end corporate expatriations and keep the Highway Trust Fund solvent:
“Once again, House Republicans’ dysfunction, irresponsibility and culture of crisis are threatening American jobs and our investments in the future – starving the Highway Trust Fund that builds and maintains the roads, bridges and rails American commerce needs to thrive. Unless Congress acts before August, the Trust Fund will dry up, construction work across the country will grind to a halt, and good paying jobs will go with them.
“The Stop Corporate Expatriation and Invest in America’s Infrastructure will stop billion-dollar corporations from moving overseas to dodge their fair share of taxes, and put that money to work creating jobs and rebuilding America. This basic measure of tax fairness will keep the Trust Fund solvent as we work for a long term solution.
“Corporations that renounce their American citizenship don’t deserve special treatment in the American tax code. Republicans should stop protecting billion-dollar tax loopholes for their big business friends shipping jobs and profits overseas, and join Democrats to pass this urgently needed legislation.”
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