John Carney

I thank the gentleman and look forward to working more with the committee on this issue. I yield back the balance of my time.

I thank the gentleman for the additional time. Teddy Roosevelt, a Republican President, a great outdoorsman, and a lover of nature, said this about the importance of protecting our national treasures. He said: It is not what we have that…

We talk about that all the time, by the way, pay for performance and all that. It is hard to do.

One of the things that struck me over the last couple of years, Ms. Rivlin, is your co-chair, former Senator Domenici, who said that it is really all about health care.

We don't have to do that at all here, in terms of making those difficult decisions.

I am fairly new to the body. I was elected in 2010, one of the few Democrats.

It is not easy, particularly when you get people in the room who have different perspectives on taxing, on spending.

Iran will be required, under a comprehensive solution . . . to dismantle significant portions of its nuclear infrastructure.

Part of President Obama's commitment to prevent Iran from acquiring a nuclear weapon, by raising the cost of Iran's defiance of the international community.

Tariffs would push them a lot harder.

We ought to disallow any deduction for payment for the use of intellectual property

We ought to tax 50 percent of its worldwide income

The capital gains rate is, in effect, 23.8 percent, not quite as bad as 15 percent

There should be a requirement that the IMF, prior to us dealing with that $63 billion, suspend Iran

I think that is part of the problem. In some ways, it is a political problem.

I want to second the comments of my colleague from Connecticut, Mr. Himes, and thank you for having these hearings.

The question that must be answered is if a private credit union fails, where does the responsibility lie?

I have been working with Chairman Jeb Hensarling to come up with a comprehensive piece of legislation that would deal with regulations that we feel are harmful or overburdensome to our small and our community banks, regional banks.

I think that the purpose here is to gum up the works so that in the case of the CFPB, the Consumer Financial Protection Bureau, they cannot protect the consumer.

I just can't say enough of how--look, I have seen some bad legislation, but this is right up there, I have to say.

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.

Democrats on this subcommittee have shown a good faith effort to reach out to our Republican colleagues.

I would like to see the CFPB be given more time to review its definition of rural and underserved areas.

The draft is overreaching. And I do think that we can come together around specificity, and talk about the regulations that we want to modify, change, or delete.

I am disappointed, and here are the only areas where I would like to work in a more coordinated manner.