Rich Neal

I appreciate the historic references, obviously, because I knew those individuals.

I remember the fury when that proposal was released.

But the argument instead was, this is going to spur a lot of new investment. And that really didn't happen.

Just again with institutional memory here, when we did this, when Chairman Thomas was the author.

We are all aware of the great need to reform our broken and inefficient Tax Code, while replacing it with a Code that promotes job growth, lifts wages for all workers, and grows the middle class.

The bipartisan effort included Members and stakeholders alike. We heard from everybody over the course of 3 years.

I express my frustration at this hearing because oftentimes, even with the best proposals that step forward, they get caught up in partisan politics and we end up going backward, rather than forward.

Repealing the WEP has been a priority of mine for many, many years.

I have had a longstanding interest in the WEP issue and am an original cosponsor of this bill with Chairman Brady.

Part of the solution is a carbon tax to help buy this down.

It shouldn't be so hard to know what rates corporations are actually paying.

There is no question that our broken corporate tax system has some--I represent some people--I don't know 50 percent that Mr. Reichert is talking about, but I represent some people who pay nearly the full statutory rate.

We shouldn't let people who cheat get off the hook, because that undermines confidence in the tax system.

I do not think we need to make America great again, as we already are the greatest nation on earth.

So the only thing sent to the so-called death panels were the Republican lies about the health care law, and how it would hurt our economy.

I think it is outrageous that U.S. citizens in Puerto Rico have to wait until Congress will act to be able to get their fiscal house in order.

I think it is outrageous that today we have in the law a provision in the law that allows certain entities to create a corporation and call it non-profit.

One of the great ironies of my time in Congress is that the budget decisions that were made well before Barack Obama was President made by our friends on the other side, who really set the fire upon Barack Obama's inauguration, and they…

But you just sit on your hands while companies take advantage of loopholes.

But if that can't happen, I strongly urge that you look at doing something on inversions, because I don't think anyone a year from now is going to look back and say they didn't do anything, while more companies moved overseas.

If we can't deal with the whole Tax Code, I don't think that we can justify--I can't; I hope this Committee can't justify--doing nothing while another year of inversions goes on.

We have introduced legislation, the Democrats in this House as well as the Senate, to address inversions.

The right thing to do is to reform our Tax Code, because the problem in our Tax Code is we have these huge inefficiencies, loopholes, deductions, and rates that are statutory rates that are too high.

So why not act now on this inversion legislation? Why not?

The mismanagement, the misconduct in the Great Plains area needs to be dealt with.