Douglas L. Peterson: “We need a permanent, comprehensive fix that will promote investment, innovation and growth in the U.S.”

I think the bewitching hour has arrived. We have had numerous speeches on this floor over my tenure of 4 years of everyone saying, ``I'm for national defense, I'm for national defense, and I stand squarely behind the military of our…

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.

I hope Congress will seize this moment and enact substantial changes that will foster investment, growth, and jobs in the U.S.

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.