The White House
President George W. Bush
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For Immediate Release
Office of the Press Secretary
August 1, 2002

Excerpt from the August 1, 2002 Press Briefing by White House Press Secretary Ari Fleischer

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QUESTION: In the last week, there have been amendments added to both the homeland security department bill and the Defense appropriations bill that would prohibit any company that established offshore tax havens from receiving federal contracts from those departments. Would the President consider vetoing the Defense appropriations bill if the Wellstone amendment is kept in it?

MR. FLEISCHER: I've heard no talk about that. The United States is -- the President is committed to working with the Congress to take action to prevent sham transactions that would protect corporations from paying the taxes that they are supposed to pay.

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