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Senate Proceeding 02-03-09 on Feb 3rd, 2009 :: 5:37:30 to 5:40:00
Total video length: 7 hours 30 minutes Stream Tools: Stream Overview | Edit Time

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John Ensign

5:37:27 to 5:37:47( Edit History Discussion )

John Ensign: their profits mr. president, i yield the floor. the presiding officer: who yields time? mrs. boxer: i yield t senator from nevada as much as time as he may consume. the presiding officer: the senator from nevada. mr. ensign: mr. president, i

John Ensign

5:37:30 to 5:40:00( Edit History Discussion )
Speech By: John Ensign

John Ensign

5:37:48 to 5:38:08( Edit History Discussion )

John Ensign: want to make a couple of points. get back to common sense. is it better for the money to be overseas or is it betr for the money to be in the united states? if it's overseas, it creates jobs. if it's in the united states, it can create jobs in the united states. that really is the botm line. if -- is the chart that my friend from california showed earlier, the money was not

John Ensign

5:38:09 to 5:38:29( Edit History Discussion )

John Ensign: coming back to the united states in any significant amounts until we passed the 2004 invest in the u.s.a. act, and then the next year 60 billion came back to the united states. after that, it went back down as far as the money coming back into the united states.

John Ensign

5:38:30 to 5:38:50( Edit History Discussion )

John Ensign: so, just by common sense we have to know that the going to come back to the united states. we're not encouraging by doing this, we're not encouraging companies to go overseas. quite frankly, and i said to my frie, the chairman of the finance committee, if he wants to lower the corporate tax rate, i'd join him right now. as a matter of fact, i maye offering an amendment to do

John Ensign

5:38:51 to 5:39:13( Edit History Discussion )

John Ensign: that, because i believe that our corporate tax rate, being the second-highest in the industrialized world is too high and it encouges other companies to go but we can't do that. we don't have enough bipartisan support to do that. so here we have a bipartisan measure. very few things happen on this bill in a bipartisan way. this is truly bipartisan.

John Ensign

5:39:14 to 5:39:34( Edit History Discussion )

John Ensign: the four sponsors of this amendment, two democrats, two republicans, were working together. the last time this bill passed the senate was a 75-25 vote. bipartisan. tharpbd show us -- that should show us right now that a lot of people looked at this, said it was a good idea. and a lot o at this again and it is a good

John Ensign

5:39:35 to 5:39:55( Edit History Discussion )

John Ensign: idea because it makes common sense to bring this money back to the united states to create jobs in the united states. so, mr. president, i would just say the joint tax was wrong few years ago. they're probably wrong again. as a matter of fact, i can't even believe the last year they scored this same bill at around 7 billion. this year they're scoring it at 9 billion.

John Ensign

5:39:56 to 5:40:00( Edit History Discussion )

John Ensign: okay, in one year they're that far off? and they were totally in 2004.

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