CSPAN2 U.S. Senate August 17, 1131
The answer is yes. We have a tax system right now in place and we have a tax system right now and when i hear my colleagues of course we dont like the taxes and we particularly dont like it if states we like mine where the Companies Shut down production in line in springfield and move to get a tax break for doing it. We ought to close that loophole, but this bill explodes that because as i said a few minutes ago if a plant shuts down in kenya or zanesville there would be a 20 on profits and if it shuts down and moves to asia it can build a factory and get a Tax Deduction while moving a [inaudi...