On the recordJune 19, 2018
It raises some very interesting, profound questions because we have a frequency on this committee of putting up--I don't see it up now, but just a tickety-tickety-tick of the growing national debt.
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congress.govIt raises some very interesting, profound questions because we have a frequency on this committee of putting up--I don't see it up now, but just a tickety-tickety-tick of the growing national debt.
Scott highlights concerns about the tax bill's contribution to the national debt.
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I think there should be much more legislative control over this process than has existed in the past.
I disagree with that. There are numerous studies from the Bank for International Settlements (BIS), which is a widely-acclaimed source. It is neutral, it is not political, and it says that higher capital decreases lending.
I have some serious concerns with the bank capital requirements that you are proposing ... will only make the cost of goods and services ... more expensive.