Ben Cardin actually said...

"I just really want to throw one thing out, Mr. Chairman, that I do not think has been mentioned yet, and that is, as we look at these proposals, we also have to look at the impact they have on tax cre..."

"Not necessarily. It depends on the type of structure that you have, and that is why most people in that circumstance have used pass-through entities rather than using the C corporation."

"I think you are absolutely correct in that the only way you are going to deal with this is through some type of proposal that we are suggesting."

"This makes absolutely no sense, because we have created an incentive for U.S. companies to invest abroad rather than domestically."