Douglas L. Peterson: “We do have some agreement here, bipartisan agreement, which is great, because if we can get this economy moving, it is…”

We need to reform the U.S. tax system, including lowering the corporate tax rate, to level the playing field.

I am encouraged that we have begun this process and that we are having this hearing. And this is going to be hard. But because it is hard doesn't mean we shouldn't do it.

We have the highest tax rate in the world. And because we have highest tax rate in the world, companies are leaving because they are not competitive.

the point being made by the gentleman from Mississippi [Mr. Taylor] is that reasonable people must sit down and find reasonable solutions, but we must also be very clear in answering all the questions associated with this. I am very…