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Article: Hoyer: FSC/ETI Corporate Tax Bill Is a National Embarrassment.
- Article from:
- PR Newswire
- Article date:
- June 17, 2004
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WASHINGTON, June 17 /PRNewswire/ -- House Democratic Whip Steny Hoyer today spoke out on the House floor in strong opposition to the FSC/ETI corporate tax bill, which at $150 billion, is laden with corporate tax breaks, extenders and other sweeteners that have nothing to do with reforming international tax law. The following is Rep. Hoyer's statement as prepared for delivery:
"Mr. Speaker, this bill is an appalling orgy in self-indulgence, a legislative abomination and a national embarrassment. Last week, the business columnist for the Washington Post, Steven Pearlstein, wrote (and I quote): 'This may well be the worst piece of tax legislation to come along ...