AOL had a very strong motive to create the appearance of high revenues for PurchasePro because the value of the warrants AOL had received in the deal depended on PurchasePro's performance.
I sit in the Senate, and see what Republicans are often advocating, it's those kind of tax loopholes for the richest of the rich or, frankly, for corporations and giving incentives for them to move jobs and opportunity overseas.
The way to attack the entitlements problem is to bring the jobs home. This could be done by taxing corporations according to the location, domestic or foreign, at which they add value to their product.
Let's make sure that when companies make investments to reduce emissions that they're rewarded for that and encouraged to do more.
Today, if you're an American business, you actually get a benefit for going overseas. You get to defer your taxes. So if you're looking at a competitive world, you say to yourself, "Hey, I do better overseas than I do here in America".
Donald Trump did exactly what he said he'd do on the campaign trail and frankly what we should have more of, which is luring companies to stay here by easing regulations, by lowering the tax burden so that more Americans can have U.S. jobs.
When did the business community in America become so sensitive? ... that we have to treat like some type of rare exotic animal - don't startle them or they'll fly away!...we need to soothe them so they can nest here and lay their magic eggs full of jobs! - WHICH NEVER HATCH BY THE WAY!!!
In high-tax New York, in high-tax California, the governors of those states are constantly offering tax breaks, tax exemptions to any number of companies if they will locate in those states. The left does it all the time. We point it out every time we learn about it because it's hypocritical.
American businesses deserve a federal government that doesn't stand in their way, not one that tries to chase them overseas.
Our people get profit-sharing checks. I got a report the other day that says that 84 percent of our people participate in our stock purchase program, where they can buy stock at a 15 percent discount.
