"Before the Tax Cuts and Jobs Act, we shared a common concern for the many threats to the U.S. corporate tax base."
"I believe Section 602(c)(2)(A) is unnecessary and harmful to states and territories, and have introduced S. 743, the State Fiscal Flexibility Act, to eliminate the problematic and legally questionable..."
"I want to encourage you to be very restrictive in terms of the application of this prohibition and give the maximum flexibility to States and local communities as they administer these funds."
"the last thing we should do is put States in a predicament where they could lose the funding that was authorized by Congress to help them just because they want to manage their fiscal policy in a way ..."
"This is an issue that needs immediate clarity."
"We owe them a debt of gratitude. Thank you to the dedicated nursing home workers like Adelina Ramos, one of our witnesses."
"I think there is bipartisan agreement that we should not see those expire."
"Thank you very much."
"But you made a very strong case, I think, that using a relatively high corporate tax rate to offset them would not be good policy."
"We have assured that in the way we have approached it."
"Thank you, Chairman Wyden. And thank you to all of our witnesses for being here with us today."