On the recordMarch 4, 2013
Our budget says we need to do more spending reduction and we need more revenue for a balanced approach.
Said by
Jacob J. Lew
Source
congress.govOur budget says we need to do more spending reduction and we need more revenue for a balanced approach.
Lew defends the budget's approach to spending and revenue.
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More from Jacob J. Lew
If the intellectual content and the innovation is in the United States, there is a substantial tax due in the United States when that money comes home.
I think there are other things that need to be part of a comprehensive plan in the long run, but there is an immediate crisis in Puerto Rico.
I don't think there is an urgent crisis. I don't think Americans should worry that their Social Security won't be there.
I think right now, when you look at what our debt is, our deficit, annual deficit, is essentially interest on the debt.