We are holding this hearing today because we have to face the facts, and in July the Medicare trustees released a report indicating Medicare would be insolvent within 15 years if no action was taken to fix the problem.
Tiberi highlights the urgency of addressing Medicare's impending insolvency.
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Tax reform done right will grow jobs and grow paychecks, helping restore the virtuous cycle that gives entrepreneurs the confidence to take a risk and reach for the American dream.
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 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.
I would again like to point out this little chart that shows facts. At the bottom of the chart, if the viewers can see, is the United States with our corporate tax rate. All of these other countries, most of whom are our friends, even…
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