On the recordDecember 11, 2013
we ought to disallow any deduction for payment for the use of intellectual property
Source
congress.govwe ought to disallow any deduction for payment for the use of intellectual property
Carney suggests eliminating deductions for intellectual property payments to low-tax countries.
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I want to second the comments of my colleague from Connecticut, Mr. Himes, and thank you for having these hearings.
I think that this legislation--this discussion draft would basically stop any effort by the CFPB, or any other agency, any other department, from really doing its job.
If the bill is passed as it is and mortgage rates rise as is? It would hurt home sales, it would hurt housing construction, it would lower house prices.
It is absolutely critically important that we get it right, that we are careful. Otherwise, as you said, we could ruin the financial system.