Dig Deeper Texas

If you think we should provide financial assistance to corporations that move overseas to avoid paying U.S. taxes, Bonilla is your guy. He voted against the Sanders amendment that would have denied assistance to such companies.

2004-Deny Export-Import Bank Subsidies to Corporate ExpatriatesRepresentative Bernard Sanders (D-VT) offered an amendment to H.R. 4818, the Foreign Operations Appropriations Bill, in order to deny direct loans or loan guarantees to corporate expatriates. In recent years, some U.S. corporations have moved overseas while retaining a mailbox in tax havens for the sole purpose of avoiding tens-of-millions of dollars in U.S. taxes. On top of this avoidance, they ask for billions in subsidized loans, loan guarantees, and other financial assistance. The Sanders amendment would deny direct loans or loan guarantees to corporate expatriates.

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Filed under: 2006 general election, Bonilla, Congressional District 23, Corporate Welfare, District 23, Henry Bonilla, Texas District 23, election, redistricting, republican, texas politics, vote