Jacob J. Lew: “I do not believe that it would be appropriate to take $700 billion over the next 10 years and devote it to a tax cut for…”

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.

The budget also makes critical investments in our domestic and national security priorities while adhering to the bipartisan budget agreement signed into law last fall.

So the only pathway to a stable future for Puerto Rico has to involve them restructuring their debt.

The American people deserve to have an IRS with the resources so that, when you pick up the phone and call the IRS, there is a person at the other end to answer it.