I use the word 'riddled' not because I believe all these provisions are bad, because they certainly are not.
Patrick J. Tiberi: “I use the word 'riddled' not because I believe all these provisions are bad, because they certainly are not.”
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Patrick Tiberi discusses the complexity of temporary tax provisions.
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I have heard from a number of employers in my district, manufacturers, about the potential that some of our trading partners could misuse national security justifications to have retaliatory and protectionist actions taken against them.
Today, if you are a successful pass-through--and no one is going to guarantee that you are a successful business owner--in America, you are paying almost 45 percent of what you make at the top bracket just to the Federal Government.
I take issue with the fact that, as a pass-through, getting a tax cut is not appropriate.
I found in your testimony what was fascinating is that--and let me get this right--that the largest groups benefitting from 401(k) plans are employees who earn less than $50,000 a year.





