WASHINGTON, DC – Today House Ways and Means Chairman Kevin Brady (R-TX) released the following statement after the European Commission’s decision seeking to impose a multibillion-dollar tax bill on Apple, Inc.
“The European Commission’s decision is a predatory and naked tax grab.
“And it is another extreme consequence of our broken tax code that continues to hurt American workers. This is occurring because our uncompetitive tax code strands American profits overseas instead of allowing businesses to bring those profits home to reinvest in our jobs, research, and growth. Instead of standing by and allowing other countries to deliver multibillion-dollar tax bills to American companies, Washington should act now to ensure this doesn’t happen again. That’s why House Republicans are moving forward with our tax reform Blueprint built for growth that will allow more companies to operate in our country, hire our workers, and help grow our economy.”