I am happy that this hearing--this is a very sensitive program, and we think when it is effective it really has pulled so many people out of poverty and given them the incentive to continue to work, rather than go on welfare.

This Subcommittee hearing will come to order. Good morning to everyone. I would like to welcome everyone to this morning's hearing on improper payments in the administration of refundable tax credits.

I stand for fairness in tax administration, and I stand for million of working American families.

If we have a higher corporate tax rate, lowering corporate tax rates would obviously reduce some of that pressure on transfer pricing.

Yeah, but we are leaving money overseas because they are afraid to bring it back and get it taxed at a high rate.

You know, it sounds like to me that you all agree since the U.S. last reduced its corporate tax rate through the 1986 tax reform, that our major trading partners have moved past the U.S. in terms of reducing the corporate tax burden by…

their population has tripled because the caribou like the warmth of the pipeline.

It is this administration's policies that have been running thousands of energy jobs out of our country and leading to dramatically higher prices for energy.

We have seen an assault on American energy by this administration, and it is coming at a steep, Obama premium, as I call it, at the pump.

I want to see us completely eliminate our dependence on Middle Eastern oil.

the Federal Government continues to shut off the supply.

These are really good jobs that we could be getting here in America.

I want to try to bring the questions I have back to what the focus I think most people in the country are concerned about, and that is lowering the price of gasoline and creating jobs.

I harken back to all of those groups that came out against the Alaskan pipeline and extolled all of the dangers.

I remember 2 years ago I went out to Alaska. We looked at--we went out to the North Slope.

As long as I chair this Committee, we are going to continue to push open this door.

I believe it is still our responsibility as policymakers to lift up these entrepreneurs.

This legislation has been touted as the single most important piece of legislation in decades for small business.