Douglas L. Peterson: “I am encouraged that we have begun this process and that we are having this hearing. And this is going to be hard. But…”

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

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…

We need a permanent, comprehensive fix that will promote investment, innovation and growth in the U.S.

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