Douglas L. Peterson: “Permanence creates certainty. Certainty reduces risk.”

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…

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.

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

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.