I agree with the Treasury's interpretation that dividends to shareholders and share buybacks are not permissible uses of repatriated funds, ... I am also of the view that the statutory language makes it clear that the repatriated monies are to be used for domestic job growth, not for laying off employees or settling lawsuits.
More Quotes from John Snow:
That's a large message, it's not really different from the message we were taking to China, that well-functioning financial markets are in a country's best interests,John Snow
It is essential that the federal government play an appropriate role, but it should avoid taking steps that are excessive, ... We must tailor our response appropriately. How can we draw the lines Much of that has yet to be determined.
John Snow
China can quickly move forward with further liberalization of its financial services sector by allowing foreign securities firms to establish wholly owned subsidiaries, and by expanding the scope of products securities firms can offer,
John Snow
It offers the opportunity for far-reaching structural reforms, ... We trust and hope that the measure will be successful.
John Snow
We need to get sober-minded people looking at the facts and realizing that if we wait it becomes impossible to deal with the situation,
John Snow
I think it's probably on the high side. I've seen other estimates more in line with a half-percent hurt to GDP growth in the third quarter and fourth quarter -- but with a pick-up of roughly that order for '06,
John Snow
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In the true sense one's native land, with its background of tradition, early impressions, reminiscences and other things dear to one, is not enough to make sensitive human beings feel at home.
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