United States-Taiwan Expedited Double-Tax Relief Act

Floor Speech

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Mr. BEAN of Florida. Mr. Speaker, I thank Chairman Smith for yielding.

Mr. Speaker, standing up to the Chinese Communist Party is a no- brainer, and standing up to Communist China means standing with Taiwan.

Mr. Speaker, Taiwan's security and economic prosperity are important to the United States and the rest of the world. Why? That is because if anything were to happen to Taiwan, the effect on the global economy would be devastating.

Here are the numbers: Taiwan is the United States' 7th largest trading partner, 10th largest export market, and 8th largest source of imports. Taiwan is the biggest trading partner without a deal with the United States.

Today, Taiwan is and will remain one of our most strategic partners and allies in the region. This is not only because of our shared values of democracy, peace, and freedom, but also our economic ties.

As Communist China continues to threaten America's interests, we must do all we can to strengthen our partnership with Taiwan. That is why, Mr. Speaker, we need H.R. 33, the United States-Taiwan Expedited Double-Tax Relief Act.

Mr. Speaker, I urge my colleagues to stand with me and support my friend from Missouri, Chairman Jason Smith, and his timely bill to strengthen our economic ties with Taiwan and empower Americans doing business in the country.

The correct answer on H.R. 33 is a ``yes'' vote.

Mr. Speaker, this bill makes it clear that the United States stands with our economic ally and supports a strong and prosperous Taiwan.

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