The gentleman makes a great point. Had we had adequate hearings in committee, we could have gone through all of these details. That is exactly the point here. We are rushing to conclusion as opposed to examination we could have done in committee. We are doing committee work on the floor of the House of Representatives.
Discussing the need for thorough committee hearings during House debate.
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More from Douglas L. Peterson
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 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 need to reform the U.S. tax system, including lowering the corporate tax rate, to level the playing field.
So we have to become more competitive. The way we become more competitive in a global economy is dropping our tax rates.
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