When I first heard about what had been going on and I first started reading in the newspaper about certain individuals that were giving up their citizenship of the United States for the purpose of avoiding taxes. I have a reputation back home of being a tax fighter. but I certainly. certainly think. that the idea. the mere idea. that people that our tax law has evolved into a situation that people would even consider giving up their citizenship for the purpose of the way our tax law is written. Therefore I was very much in favor of what this motion to recommitquite frankly I was in favor of it. however. after the hearing yesterday in which I sat through most of. and read. and studied. and looked into the situation of exactly what we are doing. how this affects international tax law and also the fact. in my judgment. a green card holder working in the United States and accumulating a lot of wealth would be better off than our own citizens. He would have to give up his citizenship to get the same treatment. Now something is wrong with the tax law.
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