Chris Van Hollen

The fact that they want to turn back the resources for the IRS would actually make the situation worse.

I think in your testimony you acknowledged that in order to address the Medicare shortfall, there needs to be a revenue component.

I wish that was a bipartisan conclusion right here in the Senate.

The fact that they want to turn back the resources for the IRS would actually make the situation worse.

I think in your testimony you acknowledged that in order to address the Medicare shortfall, there needs to be a revenue component.

I do appreciate the fact that you recognize and support that we need a revenue component that we need to close loopholes.

When a particular group of people gets a better tax break than everybody else, that is the same as transferring revenue income directly to them.

It was a failed ideology. The idea that if you give big tax cuts to very rich and very wealthy people, somehow that will trickle down and lift everybody else up, has been a proven failure.

Clearly we have a market failure here, which is why we all should be finding a way to make sure we address this issue.

It is important to have, first of all, some set of rules that apply to everybody and then some capacity to measure whether or not a particular AI system is complying with those rules

Because a lot of our anti-fraud, anti-market manipulation statutes are built on intent, human intent

We are very focused on that.

The design of our taxation on capital is actually counterproductive.

If you don't keep this tax break for wealthy people, it's going to somehow hurt other people even when we use those revenues for investments to help everybody.

The notion that if we raise rates to be equal to the current levels on labor income, that it would somehow result in this massive withdrawal of investment in the United States, I think is not well founded by the evidence.

When a particular group of people gets a better tax break than everybody else, that is the same as transferring revenue income directly to them.

It was a failed ideology. The idea that if you give big tax cuts to very rich and very wealthy people, somehow that will trickle down and lift everybody else up, has been a proven failure.

Clearly we have a market failure here, which is why we all should be finding a way to make sure we address this issue.

Thank you, Madam Chair, and before Senator Kennedy goes, I hope he will add chocolate labs to your golden retriever list of things you just cannot be against; so we have one.

It is important to have, first of all, some set of rules that apply to everybody and then some capacity to measure whether or not a particular AI system is complying with those rules

Because a lot of our anti-fraud, anti-market manipulation statutes are built on intent, human intent

We are very focused on that.

Before the pandemic struck, I had introduced legislation to close what we call the 'homework gap', because students without access to broadband were put at a big disadvantage.

Tragedies like this show us just how essential access to broadband is in our modern life. It is not a luxury; it is a necessity.

The hearing record will remain open for 7 days, allowing Members to submit statements and/or questions for the record.