The advertised deficit is $1.4 trillion. If we extend these provisions, it just increases the size of the deficit.
I want to ask Mr. Arensmeyer the issue. You have been the most vocal about your concern on the deficit, which I share.
I would just urge us all to make that a priority.
I would just underscore if we do not get it right from the beginning, there is going to be a missed opportunity for the full benefit.
I support Opportunity Zones, so let me just qualify that.
I think I want to start on the targeting of the tax bill.
Again, thank all of you for your testimony.
This deficit is unconscionable, and as we are starting to see projections on the deficit come in now, those projections are accurate.
The rushed and opaque process prevented our constituents from weighing in in a meaningful way on the policies that will affect all of them.
I was and still am disappointed about the rush partisan process that ultimately resulted in last year's Republican tax bill.
Complexity for small businesses is critical. They do not have staff to handle complexity.