A decade of budget cuts have hollowed out the IRS, so it just does not have the resources to go after wealthy tax cheats.

will you commit the IRS to conducting a thorough analysis of the racial impacts of IRS services and enforcement activities?

I just hope that 'on the ground' does not mean more audits.

I have introduced the Restoring the IRS Act to provide $31.5 billion in mandatory annual funding to allow the IRS to fairly enforce the tax code.

For the sake of fairness--and for the sake of the budget--it makes a lot more sense to go after cheating by the big guys than focus on working people.

will you commit the IRS to conducting thorough analyses of the racial impacts of IRS services and enforcement activities?

Something here is totally out of whack.

I just want the IRS to be a good partner in this.

If you're a wealthy tax cheat in a partnership, your odds of getting audited are slightly higher than your odds of getting hit by a meteorite.

It is crucial to make sure that this money is going towards making our tax enforcement fairer, not reinforcing inequities like the racial wealth gap.

Stock buybacks used to be illegal market manipulation. Today they are routine.

When companies lay people off, when they move jobs to low-wage countries, when they cut paychecks, when they bust unions...

$1.463 billion. That is nearly $1.5 billion that you collected from your customers.

This past year has shown that corporate profits are more important to your bank than offering just a little help to struggling families.

These are public numbers.

The answer is your profits would have been $27.6 billion. I did the math for you.

Can you just answer my question? How much did JPMorgan collect----

Wall Street built this system. They did not build it for everyone. They built it for themselves.

The economy is not physics. It is not governed by scientific laws outside our control.

It's your responsibility to enforce the law and to hold banks accountable for their misdeeds with meaningful punishments.

I believe it is important to stop the race to the bottom on corporate tax rates.

We must make big, bold investments in American families. And we must make equally big and bold changes to our tax policies to make sure that the wealthy and the giant corporations are paying their fair share.

Social Security benefits represent about 33 percent of the income of elderly Americans.

Lily already has an impressive track record of fighting for equity and efficiency in our tax system.

Let me ask this: Mr. Quarles, do you now agree that you made the wrong decision to weaken supervision for a bank like Credit Suisse?