We simply can't compete. We have gone from being the global economic predator to the prey.
if we fail to reform our Code appropriately, we will not lead this process, it will be led by others.
I believe you share my concern that these EU state aid cases will lead to retroactive foreign tax increases on U.S. companies.
But ultimately, the task of fixing our Tax Code falls on us, specifically on this Subcommittee.
Treasury might be perceived as speaking or committing to legislative policy recommendations on behalf of Congress without full consultation ...
I can't understand, so I ask you this personally, not as a Member of the Administration.
We need a firm commitment that the Administration will work with us getting beyond where we are today.
I thank the gentleman.
I would argue against any time that somehow a bigger stick, swung harder, is going to encourage people to stay.
We have a very uncompetitive Tax Code.
I think the gentleman really outlined the problem beautifully. I thank him for that analysis.