Douglas L. Peterson: “We have the highest tax rate in the world. And because we have highest tax rate in the world, companies are leaving…”

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…

I think this is a good time for us to go back and regroup. As one of the earlier speakers has said, we agree on many, many more things in this bill than we disagree on. We need to take advantage of this opportunity to go back and correct…

We do have some agreement here, bipartisan agreement, which is great, because if we can get this economy moving, it is going to be so much better for the people, those hard-working American families.

So we have to become more competitive. The way we become more competitive in a global economy is dropping our tax rates.