Many of these new technologies are being developed in my state of California. As a member of Ways and Means Committee, I have been fighting hard to allow us companies to expense their R and D. I also be leading efforts to ensure that our tax system will allow companies to keep and move IP back to the United States. Doctor Clancy, you mentioned that you must reconsider our globalized trade relationship with supply chains. I agree. (00:29–00:39)
CLAIM
Asserts that she is leading efforts to reform the tax system to retain and repatriate intellectual property.
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